in both case scenario dollar still has the room to go up in the next 3-4 months approx.
which means more pain for: crypto and Nasdaq
looks like a huge cup and handle and double bottom .. tempting for a smooth ride to 119-120.
lets see how it goes with the dollar.
but please note: the monthly chart shows RSI at 75 " OVERBOUGHT" , which means 160 is out of the picture a bit, so it's more like 70% chance 119 is the wall for dxy. and 30% we will see 160 and that all depends on the FED and how aggressively they will raise the interest rate.
not a financial advisor
just for educational purposes.
peace !
which means more pain for: crypto and Nasdaq
looks like a huge cup and handle and double bottom .. tempting for a smooth ride to 119-120.
lets see how it goes with the dollar.
but please note: the monthly chart shows RSI at 75 " OVERBOUGHT" , which means 160 is out of the picture a bit, so it's more like 70% chance 119 is the wall for dxy. and 30% we will see 160 and that all depends on the FED and how aggressively they will raise the interest rate.
not a financial advisor
just for educational purposes.
peace !
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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.