DXY Dollar fake out above key level

Not very good for the dollar. Dropped out from a rising wedge as well. First target is 89.9, second is 89.2.

Now the hope for the dollar is a double bottom at 89.2 or some unexpected event that will go against the technical patterns.

Gold is going up and look stronger.

BTC has flipped correlation to positive, so a drop in DXY is a drop in BTC.

Yorum:

must be the inauguration

Yorum:

retest and rejection of wedge and resistance