According to the macro indexes during last months, FED increase interest rate and profit of ten years bond yield.
so it's obvious that the inflation still a big problem for US and world economy.
next week more inflation indexes would be published and declare that high risk market enter a winter or fiat shows a little weakness.
technically DXY is in a trading range for more than a month and if it continue, next week it would be reach the lower band of parallel channel which I declare in the PIC.
this parallel channel have been valid since may 2021!!!
I believe more probable scenario is that DXY increase until contact with the resistance(97.79) , in such a case stock and crypto market might face another short bounce, then
DXY finally shows weakness and decreasing.
both stochastic and RSI indicators are in the middle.
so it's obvious that the inflation still a big problem for US and world economy.
next week more inflation indexes would be published and declare that high risk market enter a winter or fiat shows a little weakness.
technically DXY is in a trading range for more than a month and if it continue, next week it would be reach the lower band of parallel channel which I declare in the PIC.
this parallel channel have been valid since may 2021!!!
I believe more probable scenario is that DXY increase until contact with the resistance(97.79) , in such a case stock and crypto market might face another short bounce, then
DXY finally shows weakness and decreasing.
both stochastic and RSI indicators are in the middle.
I believe DXY might show weakness for several days and it would be a fake out after that the index try to test the resistance