Downtrend in the short term but uptrend in the long term
DXY appears to be in Elliott wave 2 and is likely to go down to nearly 90 in the next 5-6 weeks. It is then expected to move higher in the next year or so, if the wave pattern in this chart is correct.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
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Big picture:
