We believe that the low interest rate environment will continue and that the FED will continue to increase the money supply putting pressure on the dollar index to go lower.
Technically, after a corrective period that lasted from January to the beginning of February it seems like the dollar index is resuming its weekly downtrend. We are now waiting for a smaller corrective pattern and then go lower to reach the rectangular area of weekly resistance where the price reversed in January 2018.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.