DXY has been growing, we can say, too much perhaps, showing an overvalue on RSI which usually indicates a fall, perhaps very soon. What does this mean? That the power of the Dollar against other national currencies worldwide is falling (don't worry, this is totally normal and happens all the time, the typical ups and downs of the market) and with it the stock and crypto markets will raise. Be patient and just relax while your long term positions grow in profits.It is possible that we will keep seeing a fall in the value of
DXY as we get closer to the 6th October New Moon which it is usually our selling day to take profits from our entries on the Full Moon from two weeks before. Naturally, to do so we wait till many indicators show a "sell" signal, but you get the point.To have a deeper understanding of the intermarket connections I strongly suggest you to read:
- Intermarket Technical Analays - John J. Murphy
DXY
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.