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DXY-SELL

DXY topped togehter with Oil, Oil leading...Crude oil shows a tight correlation with many currency pairs for three reasons. First, the contract is quoted in U.S. dollars so pricing changes have an immediate impact on related crosses. Second, high dependence on crude oil exports levers national economies to uptrends and downtrends in the energy markets. And third, collapsing crude oil prices trigger sympathetic declines in industrial commodities, raising the threat of worldwide deflation, forcing currency pairs to reprice relationships. IMO its a trigger for Tradfi and Crypto caused their not pricing the real economy in since years. Its a risk on Bias. Dollar and Oil declining is bullish.
TVC:DXYShort
by GokuXBT
DXY - THE BIGGER THEY ARE...DXY has been moving without any real pullback which is dangerous. This is to do with the FED HIKE RATE, we can almost guarantee a 50 points bias which is why price is surging but what happens when the data is released? we have already had the move and DXY falls off. 104.150-300 is the next major resistance area for DXY and it will have to crash somewhere has we are wiping out yearly highs. The crash is looming, you've been warned. --------------------------------------------------------------------------------- Pip count this week 💰🏆 WTI SHORT / 74 pips ✅ GBPUSD LONG / -26 pips ❌ WTI SHORT / 185 pips ✅ WTI SHORT / -10 pips ❌ GOLD BUY / 70 pips ✅ GOLD SELL / 170 pips ✅ WTI SHORT / 200 pips ✅ GOLD SELL / -30 pips ❌ GBPUSD SELL / 67 pips ✅ GOLD SELL / 30 pips ✅ WTI SHORT / 60 pips ✅ WTI SHORT / 130 pips ✅ GBPUSD SELL / -30 pips ❌ GBPUSD SELL / -15 pips ❌ WTI SELL / -70 pips ❌ 15 trades taken 9 wins ✅ 6 losses ❌ 60% win rate Combined in the communities this is 805 pips which is an outrageous way to close out the month!🤯
TVC:DXY
by UnknownUnicorn33264805