USDollar Index (DXY) Analysis
Hi
I hope you all are in a constant profit.
DXY on a weekly time frame is creating an exciting chart.
As you can see, if a weekly candle closes above 94.54, a significant accumulation phase is confirmed.
On the other hand, the BEXP Indicator indicates HVP is reducing and has a downtrend, so a big explosion in this scale is baking.
The interesting part is the positive correlation between DXY and Bitcoin on a weekly scale. And it's not weak as well.
Screenshot:
Thanks for your time.
Regards, Hashem.
I hope you all are in a constant profit.
DXY on a weekly time frame is creating an exciting chart.
As you can see, if a weekly candle closes above 94.54, a significant accumulation phase is confirmed.
On the other hand, the BEXP Indicator indicates HVP is reducing and has a downtrend, so a big explosion in this scale is baking.
The interesting part is the positive correlation between DXY and Bitcoin on a weekly scale. And it's not weak as well.
Screenshot:
Thanks for your time.
Regards, Hashem.
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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.