JakeSummers4x
Long

DXY - Weekly Update

TVC:DXY   US Dollar Currency Index
ABCD pattern on the cards?

AB=CD pattern lines up nicely with previous weekly structure as indicated on the chart.

A break of 100.000 and I see the bottom falling out of AUD/USD             and GBP/USD             pairs.
Comment: $DXY:

Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight

Considering this analysis we may see the EUR/USD continue it's bearish outlook over the next week, for this reason on top of it's already bearish outlook, I'll only be looking for shorts this week.
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