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DXY has a medium term uptrend since september 2021, now it is on correction phase.
From a short term point of view the DXY started to move to the downside, managed to form a tentative downward trendline with decreasing momentum.
We might see the price go down to S1 level and bounce back to continue the bigger trend.
If the price does not bounce back and break below S1, the dollar may start to weaken.
Euro starts gains agains the US dollar.
EURUSD managed to break above its consolidation range and formed a valid trendline with three touches, with an rsi above 50 the last 80 periods.
If the price respects the current short term trend we might see the price go up around 1.0300 level.
If the price breaks below the trendline we might see a price drop until the previous range again.
An update on our previous analysis, bitcoin breaks its tentative downward trendline and continues upwards, it also breaks the medium-term resistance level 22503 with solid green candle showing a lot of volume.
With this kind of break, we may see bitcoing rise, if the price fails to go higher and break below the 22503 level, a big consolidation may occur.
Apple had ignored the previous medium-term bearish trendline and managed to form a wide range between the 151.80 and 132.6 levels.
The price is now at the upper boundary, showing a weakness formation like a double top, which is not confirmed even with the falling momentum.
If the price does not break above R1,
we may see the price fluctuate a bit more in this range.
If price breaks R1 the next level investors should focus on is R2 on the chart.
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