On the monthly I have my best guess of the long term action of the US dollar. Recently I suggested a short term bounce was coming. I was wrong. But notice the price is now very near 2 resistance points best appreciated on the daily chart. So now or soon we may well see a a bounce. IF it drops straight thru the uptrend line from 2011 as well as the recent low I would think this could be quite bearish. Since I don't trade the currencies myself I would love to get feedback from those who do. Thanks.
Timing the dollar devaluation has been difficult so far...and now with US/China protectionism back into play and Covid chapter II on the horizon, I expect 93.xx will cap the downside before we see some temporary parking of capital back into USD's lasting into October/November.
For 2021 and beyond if DXY can clear +/- 80 as you highlight in your chart at (D) we will officially unlock the 55.x lows.
The price already moved below the TL on the Daily. This move is MOMENTUM driven not the FUNDAMENTAL driven. If you look at the RSI's on both TF, it clearly shows it crossed key psychological levels and made the market to react. It'll turn bullish around 94 - 93. A pull back above 94 after the touch of 93 and the ranging between these levels will take it back to 95.