What's next for Dollar Index

5 сент. 2020 г.

The DXY has been melting for several weeks. Finally, signs of Accumulation began to create a clear schematic. DXY created a spring and has Broken Structure to confirm the C Phase of Accumulation. I am anticipating the week to start bearish on the Dollar to re-test a supply zone, specifically in the 15m time frame where there is a clear institutional candle that requires mitigation. Once the supply zone is tested, I see targets for the dollar at the clear equal highs where liquidity rests. I do see this schematic to be short lived, potentially only into the 94.60 area, before continuing the bearish trend.