DXY - Strength of USD analysis

On Tuesday, the dollar index closed doji. Earlier, the head of the US Federal Reserve, J. Powell, said that the Fed, if necessary, is ready to raise the key rate by 50 basis points at once instead of the traditional 25 bp. However, the upside was limited, as the market priced in a 50bp upswing on March 16 in early February.

If the index value returns to the level of 97.75 points, then I will expect a breakthrough to the level of 96.37 points. And in general, lately I want to bet everything against the dollar.

The states do not have to develop their economies; instead, the US Senate and Congress have thrown all their efforts into developing anti-Russian sanctions, which can then be safely applied to other countries.

Having squeezed 300 yards of the Central Bank of the Russian Federation, they undermined the status of the dollar. Saudi Arabia's move to start trading oil in yuan has raised alarm in the US. This is just the beginning. Trading oil for dollars will further undermine the dollar system. The EAEU countries have already begun active work to reduce the share of the dollar in mutual settlements.

Politicians have no problems with either gas or oil. They can give up everything. And the heads of large enterprises are scratching their heads (here we are talking about the EU). Time will show. Today, the dollar index expects a decline to 98.20 p.

Therefore, we may expect Pairs like EURUSD,AUDUSD,***USD - to go up today as we expect dollar to slowing lose its recent strength.

This will also Aid US indices and crypto market as a whole. these two markets currently are most profitable for trading as they are trending up at the moment. which is the easiest conditions to bank solid profits in a short period of time.