Weekly DXY Outlook
On the weekly chart, the US Dollar Index (DXY) has reached a critical zone that was last tested in February 2022.
While a rebound is not guaranteed, the fact that the DXY has declined nearly 12% over just six months—despite a resilient U.S. economy—suggests the potential for renewed strength in the dollar.
I think the index could begin a recovery toward key levels at 100.00, 101.97, and possibly 106.00/
It’s worth noting that the broader bearish trend began with the trade tensions initiated during the Trump administration, which strained relations with several major trading partners.
Given that this is a weekly chart, it should be used more as a reference point rather than a trading signal.
You may find more details in the chart!
Thank you and Good Luck!
On the weekly chart, the US Dollar Index (DXY) has reached a critical zone that was last tested in February 2022.
While a rebound is not guaranteed, the fact that the DXY has declined nearly 12% over just six months—despite a resilient U.S. economy—suggests the potential for renewed strength in the dollar.
I think the index could begin a recovery toward key levels at 100.00, 101.97, and possibly 106.00/
It’s worth noting that the broader bearish trend began with the trade tensions initiated during the Trump administration, which strained relations with several major trading partners.
Given that this is a weekly chart, it should be used more as a reference point rather than a trading signal.
You may find more details in the chart!
Thank you and Good Luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.