U.S. Dollar Index
Long
Updated

Dollar Index Surges:Bullish Momentum Sparks New Opportunities

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The DXY Dollar Index Futures kicked off the new week with a strong bullish candle, signaling renewed upward momentum. According to the latest Commitment of Traders (COT) data, non-commercial traders are reducing their bearish bets, indicating a shift in market sentiment. Meanwhile, commercial traders are holding positions at levels not seen since 2021, suggesting confidence in the dollar’s strength. Retail traders, on the other hand, continue to push against the trend, maintaining bearish pressure. Recently, the price retested a key demand zone at the end of last week, which could present a strategic buy opportunity at a discounted level. What are your thoughts on this setup?


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I'm moving SL to Breakeven and let it run... close when you want :)

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