DXY has struggled heavily at the $105.50 area for years now. It failed once again overnight after a nice rally, but I see potential for a break today. Nice bull flag breakout and this level has been tested so many times I'd expect it to break eventually.
However, it has failed every time and equities continue to rally, so it's a dangerous bet. I'm more using it to gauge market sentiment rather than trade. I'll be a lot more comfortable with shorts if DXY and VX get moving, but if they don't I think bulls can remain comfortable.
However, it has failed every time and equities continue to rally, so it's a dangerous bet. I'm more using it to gauge market sentiment rather than trade. I'll be a lot more comfortable with shorts if DXY and VX get moving, but if they don't I think bulls can remain comfortable.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.