#DXY Update :

#DXY flipped to the upside, which impacted the alts and market a bit. Well, if the closing found above the 103.75, when we can expected it to reach till strong resistance area of 104.21 - 104.41, which will lead in a healthy correction in the market. More over, its forming a Head and Shoulder Pattern, which is a reversal pattern, so have an eye on it.

#DXY goes as expected and reached the resistance zone as mentioned. Index strongly rejected from the level and printed a new lower low and might gonna reach the major support zone of 101.82% - 101.63%. Have an alert on that, as that might lead to strong jumps or short-term move in the market.

#DXY UPDATE :

#DXY is been followed the plan perfectly, market also co-related with the movement too. Index reached the major support zone and now, its a matter of time to wait, for the Monday Market Open. Index already being having a rejection, but a wait for a clear break or a rejection with a weekly candle, which will decide the Next Market Move in the Market.

What is #DXY (Dollar Index) ?

The US Dollar Index (#DXY) is a measure of the value of the US dollar relative to a basket of six major foreign currencies. The index is designed to provide a snapshot of the US dollar's performance against a basket of other currencies that are considered to be its most significant #trading partners.

The #DXY is widely followed by currency traders, financial analysts, and investors, who use it as a benchmark for the value of the US dollar. The index is also used to hedge against currency risks and to evaluate the performance of international #investments.


Why #DXY is Important ??

It's worth noting that changes in the US Dollar Index can have a significant impact on the global financial markets, as a strong or weak US dollar can affect the prices of #Cryptocurrencies, #Commodities, #Equites, #DXY Bonds, and other financial instruments. A rising #DXY typically indicates that the US dollar is strengthening against other major currencies, while a falling #DXY suggests that the US dollar is weakening.

#DXY Analysis :

#DXY moving within zone to zone and level to level as drawn. Index Rejected from the Resistance which made the overall push in the market. Now Index, sitting at the structural support zone of where it could react off. Breaking below will leading in flow of money in different markets. Major support is at 101.2% - 101.6%.

What is #DXY (Dollar Index) ?

The US Dollar Index (#DXY) is a measure of the value of the US dollar relative to a basket of six major foreign currencies. The index is designed to provide a snapshot of the US dollar's performance against a basket of other currencies that are considered to be its most significant #trading partners.

The #DXY is widely followed by currency traders, financial analysts, and investors, who use it as a benchmark for the value of the US dollar. The index is also used to hedge against currency risks and to evaluate the performance of international #investments.


Why #DXY is Important ??

It's worth noting that changes in the US Dollar Index can have a significant impact on the global financial markets, as a strong or weak US dollar can affect the prices of #Cryptocurrencies, #Commodities, #Equites, #DXY Bonds, and other financial instruments. A rising #DXY typically indicates that the US dollar is strengthening against other major currencies, while a falling #DXY suggests that the US dollar is weakening.

#BITCOIN DAILY TF UPDATE :

#BITCOIN is been correcting itself with the market conditions and making the H4 and all LTF bearish. Daily TF also turned bearish at the moment and made a huge wick from the downside showing absorption. Well, price already tested the support and might goes lower for a final shake out too. Eyes on weekly closing and #DXY as well.

#DXY UPDATE :

#DXY made a clear rejection and bounced from the support. Market got it impact with that, market getting it correction now. Well, Index is at resistance and might continue fall, which will backup the price. Monday market open will decide the next week move.

#DXY UPDATE :

#DXY gone perfectly but made the overall market dump, as Dollar going Strong. Now, index broke the resistance area and expected to reach the next resistance area of 104.8 - 105.2. Its better to have hit on resistance and then expected some strong push from there to the downside, which is eventually give a growing impact in the market.

#DXY UPDATE :

#DXY moving as predicted and slowly moving to the potential rejection zone/ resistance. We already saw the impact in the market by moving sideways and Dollar Index Rising. But the Market didn't fall much or remain stable irrespective of the rising #DXY. This shows the buyers strength in the market.

#DXY UPDATE :

#DXY is been rising with the market conditions and rejected from the resistance area too. Index, made a flip above the zone and on the verge to a retest now. Market will start dip again, if it bounces. So, eye on #DXY movement and observe the market conditions too.

#DXY UPDATE :

#DXY performed exactly with a retest and now closed over it. Now, if it bounced from here, then we'll see some strong correction in the market. A candle closing below will open up the room for 103.80% level of support. A strong move is expected by next week, so eyes on Daily candles

#DXY UPDATE :

#DXY made a good retest back to the zone and still hovering over there itself. Price made few more test back to the zone and showing some sort of consolidation. Monday Market Open will more chances of #DXY pushing higher, which will tighten up the market a bit. Plan the alts trades accordingly, and a close below will be always good the crypto market.

#DXY UPDATE :

#DXY made a close below which drives the price from $60,000 to $66,00 and alts also performed with that. Now, is a clean close below of support but market structure is still bullish, so Monday market open will decide, what gonna happen next. Scenarios are anticipated in the charts.