DXY Daily Analysis
Since DXY was gaining strength and recovering from the devaluation due to the pandemic, it started a strong uptrend which broke through many resistances without any correction, fortunately, I was able to forecast this trend losing its momentum ( see my previous analysis on DXY ). I think it's time for DXY to rest a little bit and give us a lower high. I am trading these lines and waiting for the pivot.
Although the last time DXY declined was not in a -1 correlation with BTC and they both declined but I believe that was due to FTX crash and btc had a rising potential back then.
But this time their -1 correlation is expected.
Although the last time DXY declined was not in a -1 correlation with BTC and they both declined but I believe that was due to FTX crash and btc had a rising potential back then.
But this time their -1 correlation is expected.
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