DXY showing strength - still bullish

DXY is showing strength.

- We expect DXY to continue its rise towards the next major resistance that is at 120.
- RSI remains in a bullish control zone and we don´t have any bearish divergences yet.
- MACD looks bullish too.

- It´s not an ideal situation for risky markets such as crypto and stocks.

- As long as DXY is bullish , we expect stocks and crypto to continue being in bear markets.

- If we get any sign of weakness at DXY, it will be good for crypto and stocks.

We will monitor DXY and keep the chart updated.

Yorum:

After pullback DXY looks like it´s ready to continue the rise.