Hey tradomaniacs,
for today I`m looking at the correlation of DXY (US-DOLLAR) and SPX500, which are both at points of potential trend-continuation.
As mentioned on telegram we have seen a very bearish sentiment of retailers of majors against USD, which is for me a strong reason not to buy the US-Dollar as long there is no fundamental reason.
As soon as SPX500 continues its trend we can expect the US-DOLLAR to move down aswell, which would give us a great chance to buy majors such as AUD/USD, NZD/USD, GBP/USD and EUR/USD against the retailers sentiment and with the banks.
Still waiting for confirmation!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
for today I`m looking at the correlation of DXY (US-DOLLAR) and SPX500, which are both at points of potential trend-continuation.
As mentioned on telegram we have seen a very bearish sentiment of retailers of majors against USD, which is for me a strong reason not to buy the US-Dollar as long there is no fundamental reason.
As soon as SPX500 continues its trend we can expect the US-DOLLAR to move down aswell, which would give us a great chance to buy majors such as AUD/USD, NZD/USD, GBP/USD and EUR/USD against the retailers sentiment and with the banks.
Still waiting for confirmation!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
Note
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.