Hi Traders,
It's the start of a new week, so it would be a mistake to not look at the possible movement of the DXY. Last week we saw a push higher towards the test area. We are currently see a small rebound. We could see price edge a little higher and hopefully see a rejection of the grey area which would push crypto prices higher again. There isn't a great deal of figure news this week so it will be useful to stay tuned incase anything out of ordinary rises as it will impact the dollar and in turn impact the crypto market.
Thanks
The Market Sniper Team
It's the start of a new week, so it would be a mistake to not look at the possible movement of the DXY. Last week we saw a push higher towards the test area. We are currently see a small rebound. We could see price edge a little higher and hopefully see a rejection of the grey area which would push crypto prices higher again. There isn't a great deal of figure news this week so it will be useful to stay tuned incase anything out of ordinary rises as it will impact the dollar and in turn impact the crypto market.
Thanks
The Market Sniper Team
