DXY 4 hour PA coming into an area where it is getting squeezed, Currently may reach 104.7 before it faces rejection or needs to push through long term resistance today / Tomorrow Mr Powell ( Fed, DXY support agency) will talk and either upset or support markets with news of the FED opinion on rate rises. Expectation is that 25 points is incoming but some talk of 50, depending on Figures ........ coughs........ This is what Crypto is waiting on
PA above 50, 100 & 200 EMA but lower time frames show that PA is approaching overbought, RSI on daily is above neutral Over all, DXY PA is due to retrace once again soon. just do not know when exactly but Strong Fundimentals could postpone that
And we got the Strong fundimentals when Powell talks sound VERY Hawkish and point to 50 point raises....And Hurts Every market except the $, which is the one HE Worlks to support.