Hello, dear TradingView members. This idea is a DXY analysis.
As we can see on the chart: U.S. Dollar Currency Index broke resistance a little after The Federal Open Market Committee. We are about to see an ascending move in the USD value and a fall in any other known asset in pairs of dollars. For example, USOIL went under $100, and BTC and EUR are both experiencing a downtrend.
I have shown you two PRZs on the chart, each of which can be our short-term and mid-term targets.
Here is how it affected the USOIL price:
Here is how it affected the EUR price:
We expect to see the same effect on the cryptocurrency market as well.
Let me know if you guys have any questions; I will be more than happy to help.