DXY Dollar Index Weakness

Hi traders:

Here is my outlook on DXY, Dollar Index for the upcoming weeks.

We can see how the price has moved in similar fashion over and over again in the past.

After a strong impulsive move, price always correct itself and prepare for the next move.

What we as traders need to identify is the correction structures, and forecast the possibilities so we are prepare for the next impulse.

What I see currently the price is already forming a continuation correction, and whether it breaks out now, or correctively move to the top of this structure and drop down.

This is a good indication that we can expect dollar weakness for the up coming time, and weakness against USD pairs.

Thank you

Kommentera:

We see price break out of the structure, indicating more USD weakness going into next week.

Kommentera:

Look for more continuation structure to go lower.