Premium Only Content

Easter Sunday Update: Outlook for DXY and Market Dynamics | 3/31/2024
In today's analysis, we take a closer look at the Dollar Index (DXY), a key proxy for the true non-relative value of the dollar against major G10 currencies. As we enter the new week, the DXY remains a crucial indicator amidst ongoing market volatility.
The DXY tends to react to fluctuations in interest rates, rising when interest rate differentials favor the dollar and falling when rates decrease. Currently, with the stock market wedged above 4900 on the S&P500, Bitcoin, and other major blue-chip stocks hovering around all-time highs, and the VIX teetering around the $12.50 to $13 danger zone, we're seeing opposing forces at play.
Despite the market's high levels and the VIX's low volatility, the DXY is signaling a sideways movement in the short run, reflecting the uncertainty in the market. My stance remains slightly bullish in the short term, with a stronger bullish outlook for the intermediate to longer term.
Stay tuned for further insights and updates as we navigate the dynamic landscape ahead.
Handles:
📈 TradingView: CandlestickNinja (https://www.tradingview.com/u/candlestickninja/)
🎥 TikTok: tiktok.com/@candlestickninja
📘 Facebook: https://www.facebook.com/CandlestickNinja
🔗 Rumble: https://rumble.com/c/c-5891988
📬 Stocktwits: https://stocktwits.com/Candlestickninja
▶️ YouTube: https://www.youtube.com/@CandlestickNinjaTV
💼 LinkedIn: CandlestickNinja (Coming Soon!)
#DXY #MarketAnalysis #EasterSunday #TradingStrategy #Forex #StockMarket #TechnicalAnalysis #MarketVolatility
-
25:31
Liberty Hangout
1 day agoMAGA Crashes Pathetic Anti-ICE Rally
91.3K47 -
2:02:26
Inverted World Live
8 hours agoUS Soldiers Saw Non-Humans in Suffolk, The Rendlesham Forest Incident | Ep. 80
144K20 -
6:42:47
Akademiks
9 hours agoICE MAN EPISODE 2 tonight. NEW NBA YOUNGBOY 'MASA' TONIGHT. BIG AKADEMIKS #2 MEDIA PERSONALITY 2025.
88.3K3 -
2:59:28
TimcastIRL
8 hours agoSouth Park Runs FULL FRONTAL Of Trump In Gross Parody After $1.5B Paramount Deal | Timcast IRL
265K177 -
4:11:58
The Quartering
7 hours agoOn To The Big Bosses! Act 2 Of Expedition 33
52K5 -
1:24:56
Glenn Greenwald
11 hours agoGlenn Takes Your Questions on Tulsi's Russiagate Revelations, Columbia's $200M Settlement, and More | SYSTEM UPDATE #492
140K79 -
2:11:56
megimu32
8 hours agoOTS: With Great Power: Every Spider-Man Movie Unmasked w/ @thisistheraygaming
42.9K4 -
2:38:48
WickedVirtue
7 hours agoSailing w/ The Crew
43.8K1 -
4:29:37
Meisters of Madness
10 hours agoThe Finals with Redd
46.7K1 -
1:27:11
Omar Elattar
15 hours agoThe Dating Expert: "I've Helped 4,000 Men Find LOVE!" - The #1 Alpha Trait Women Secretly Crave!
60.9K1