DXY US Dollar Index (Y20.P4.E2).TA.Short term
Hi All,
This is a continuation of my previous DXY post, link provided below.
I have a bottom formation on the 8 hrly chart with a short term target which matches the height and resistance level , also aligned with the fib level on this impulse.
Also on this chart, I have added the SP500 chart, which demonstrates the pivot points or correlation with the US dollar.
It doesn't necessarily reflect accurately a rise in the USD has a multiplying or exponential effect on the SP500 price action, especially if it goes sideways.
I have also added a fractal to this chart on the potential path it will take.
Please give me a like or tick for this post.
Cheers,
S.SAri.
As you can see, at times they are decoupled and at times they are in sync.
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PREVIOUS POST
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This is a continuation of my previous DXY post, link provided below.
I have a bottom formation on the 8 hrly chart with a short term target which matches the height and resistance level , also aligned with the fib level on this impulse.
Also on this chart, I have added the SP500 chart, which demonstrates the pivot points or correlation with the US dollar.
It doesn't necessarily reflect accurately a rise in the USD has a multiplying or exponential effect on the SP500 price action, especially if it goes sideways.
I have also added a fractal to this chart on the potential path it will take.
Please give me a like or tick for this post.
Cheers,
S.SAri.
As you can see, at times they are decoupled and at times they are in sync.
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PREVIOUS POST
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This community has signals now but with no risk management comms.
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