Dollar looks like it is about to go up.
DXY just broke out of a falling channel, probably a reversal. This looks dangerous, probably going to retrace back to at least the fib. golden pocket. bad days ahead for stocks and crypto?
if we break above 105 then the next stop will be around 108.
but also to mention that RSI seems pretty topped out on the weekly TF so an idea of a short-term retrace to the downside is also possible.
if we break above 105 then the next stop will be around 108.
but also to mention that RSI seems pretty topped out on the weekly TF so an idea of a short-term retrace to the downside is also possible.
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So far so good. Target is 108
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Got a rejection from .5 level. is it a dead cat bounce?
