DXY US Dollar Index (Y20.P4.E2).TA.Short term

23 בספט׳ 2020

Hi All,

This is a continuation of my previous DXY post, link provided below.

I have a bottom formation on the 8 hrly chart with a short term target which matches the height and resistance level , also aligned with the fib level on this impulse.
Also on this chart, I have added the SP500 chart, which demonstrates the pivot points or correlation with the US dollar.
It doesn't necessarily reflect accurately a rise in the USD has a multiplying or exponential effect on the SP500 price action, especially if it goes sideways.

I have also added a fractal to this chart on the potential path it will take.

Please give me a like or tick for this post.


Cheers,
S.SAri.

As you can see, at times they are decoupled and at times they are in sync.


================================================================================================================
PREVIOUS POST

================================================================================================================