DXY 4 hour - while we wait on Powell
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
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
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