DXY (XXXUSD) Correlation 1W Chart Analysis

11 Eki 2020

I am only charting up this weekly DXY to test and prove correlation between it and all the XXXUSD Pairs that I will try to be trading for the week. It looks like it broke the 50SMA on the Monthly and Weekly pretty clearly with a definite break in the monthly uptrend. With a broken monthly trend and strong downward trend on the weekly, I expect that all XXXUSD pairs will rise over the week as DXY tries to retest 89 region, it still must break through the 92 area as that is a respected S/R Zone on the Weekly timeframe. Please let me know if you feel the same way or if you have something different you see. Thanks and Good Luck!