The DXY may have topped

5 Şub 2022

We see a huge sell off which is indicative of trend reversal compared to a consolidation which is slow and does not have that strong bearish momentum. Also the 10 Year German bond Yields turning positive for the first time in 3 years since 2019 and a hawkish tone from the ECB. We see also Bitcoin started to bottom which inversely correlated with DXY whenever the DXY makes a top, BTC makes a bottom and whenever DXY makes a bottom, BTC makes a top.