The dollar index broke above the weekly MA20 and MA40, signaling an increasing momentum. The best-case scenario: the fractal fails to fully play out, and the move stalls around the 105–108 level.
This range would be bad for SPX. The impact on cryptocurrency is less obvious — it depends on whether liquidity remains or tightens next time.
Focusing on the dollar. 👀
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TraderXNehal
🏳️ $DXY turning bullish…
The Dollar Index has broken above the weekly MA20 & MA40, signaling upside momentum. Best-case scenario: the fractal fails to fully play out and the move stalls around 105–108.
That range would be bad for SPX. Crypto impact is less clear — depends on whether liquidity holds or tightens next.
Eyes on the dollar. 👀
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🏳️ $DXY is bullish…
The dollar index broke above the weekly MA20 and MA40, signaling an increasing momentum.
The best-case scenario: the fractal fails to fully play out, and the move stalls around the 105–108 level.
This range would be bad for SPX.
The impact on cryptocurrency is less obvious — it depends on whether liquidity remains or tightens next time.
Focusing on the dollar. 👀
The Dollar Index has broken above the weekly MA20 & MA40, signaling upside momentum.
Best-case scenario: the fractal fails to fully play out and the move stalls around 105–108.
That range would be bad for SPX.
Crypto impact is less clear — depends on whether liquidity holds or tightens next.
Eyes on the dollar. 👀