CRSpencer93

Dollar DXY - Daily Scenarios

TVC:DXY   U.S. Dollar Index
If you're in Stock Market, Crypto or Metals positions you need to have one eye firmly on the Dollar index chart, seen a lot of panic/fear across all markets the past week or so which is 9/10 a buy signal for me personally. The 1D chart is printing a bearish divergence on RSI which is the perfect recipe for price appreciation/continuation across all markets I just referred to, the 2 scenarios shown on the chart are the most likely, a safe entry from a cash position would be to wait for a rejection & a confirmed daily downtrend which would be fuel for green days across all markets.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.