WT-cross gives a signal of a powerful upward movement. Breakout above the cloud. 9-seasons also speaks about the start of the upward movement. Obvious target for the next weeks is 105.7. But it is far from being this year's target. Most likely it will be a year of DXY strengthening.
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The weekly situation is just as bullish. Kijun-sen line went close to the lower boundary of the cloud, but did not cross it. Candle above Tenkan-sen. Cluster Algorithm indicates that the case of the a hidden bullish divergence. This is a bid for many weeks. And while the cloud boundary stopped the upside move in October 2023, I expect a rally now.
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On 2W chart also contains a claim for an upward breakout.
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It is obvious to me that the level of 105.7 is visible even on the 4-hour timeframe. But the thing is that reaching the level of 105.7 breaks the resistance diagonal that started from September 2022. And opens the way to new levels above. Along with NVIDIA triggering a correction, very bad for the crypto market.
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The EMA squeeze on the 1D. We'll have to see if it can handle it.