DXY Approaching a critical zone.
After breaking down from its 2023 trendline, the DXY has rallied back to a convergence point at 104. This level is now a major pivot; if we start to see weakness and a breakdown through this zone into November, it could provide a much-needed tailwind for risk assets. My target on the downside is around 95-97, a level that could align with the top of the current crypto bull run.
Keeping an eye on this level is essential, especially as we move toward the anticipated Q1-Q2 cycle top in crypto. Watching for any signs of reversal or further strength here to guide broader market positioning.
Keeping an eye on this level is essential, especially as we move toward the anticipated Q1-Q2 cycle top in crypto. Watching for any signs of reversal or further strength here to guide broader market positioning.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.