JPYX and XAU correlation, we can see a move down in JPYX should price XAU in around that area of balance, around the $1700 mark charts to follow.
We all know the drill, if $DXY is moving up, more speculative assets like $BTC and other #crypto #altcoins will trend down. Pressure is on as $DXY aims to reclaim the lost ground between 108/109 as the EU traders move to exit and US pre-market gets their ☕️'s brewing. If we push back through to 109 and past 109.5, I expect to add onto my short $CRO positions and...
JPYX is in a strong downtrend, you can see I have used the rvi indicator and noticed huge levels of divergence, this is a different reading on the indicator to what price is doing, so an example in this chart is the lower high in price and the higher high on the indicator, these are subtle signs that there is disturbance inbound, these divergences can often lead...