In financial markets, it's common to look for correlations between different assets to understand their behavior and make informed trading decisions.
One widely discussed relationship is between Gold (XAU/USD) and the US Dollar Index (DXY). While it's often assumed that these two assets are inversely correlated, a deeper analysis reveals that this is not always...
Hello traders!
Today we will talk about US Dollar - $DXY - USD Index.
DXY was in a big sideways consolidation since March, ideally within a bearish triangle in wave B. Currently, we can see it finally breaking into new lows for wave C that can stop in the 97.50 - 96.50 support zone around important 61,8% - 78,6% Fibonacci retracement and from where we may see a...
Expecting price to retest previous structure before a possible 50 - 100 pip decline.
If price breaks support, I will be expecting a retest before going short.
My bias is Short so i will only get in if price meets my requirements (DISCIPLINE) !!!!!!!
Hello traders!
Today we will talk about US Dollar and Bitcoin!
We have noticed very interesting patterns and correlation between US Dollar and Bitcoin.
In the first chart we can clearly see bearish setup on US Dollar after that sharp and impulsive decline followed by a three-wave a-b-c expanded flat correction back to ideal 61,8% Fibo. retracement. At the same...
