DXY US Dollar Index (Y20.P4.E1).Bullish short term
Hi All,
They say a stronger US dollar makes stocks and other commodities drop and a weaker USD the opposite.
Well its so far turning out to be true.
We have a bullish div. on the USD index on the 12 hr and above;
We have the SP500 dropping for an overdue correction;
We have GOLD also consolidating after a nice bull run, also a correction;
We have crypto also doing a overdue correction;
The formulae for stocks is so far overbought, overvalued and overbullish, now remains the trend to change and we are bearish once again.
A strong USD is bad for business...stocks included.
Please give me a like or tick for this post.
Regards,
S.Sari
Daily chart
They say a stronger US dollar makes stocks and other commodities drop and a weaker USD the opposite.
Well its so far turning out to be true.
We have a bullish div. on the USD index on the 12 hr and above;
We have the SP500 dropping for an overdue correction;
We have GOLD also consolidating after a nice bull run, also a correction;
We have crypto also doing a overdue correction;
The formulae for stocks is so far overbought, overvalued and overbullish, now remains the trend to change and we are bearish once again.
A strong USD is bad for business...stocks included.
Please give me a like or tick for this post.
Regards,
S.Sari
Daily chart
Commento:
USD drops, SP500 and others go up.... as per script
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
