Dollar Index – Weekly Analysis

In this analysis, we examine the latest DXY signals across key timeframes, review the technical structure behind today’s move, and assess the levels that could define the Dollar’s next major direction. CANDLES Very little changed this week. The Dollar Index went through a few whipsaw sessions, but managed to keep its short- and mid-term bullish trends intact. The daily frame continues to work toward the $101 target. If this momentum holds, the next major formation to watch would be a Double Bottom on the monthly frame, with potential targets in the $104–105 area. Overall, DXY remains bullish until reversed. In the April monthly report, we discussed a developing 50/100 MA bullish cross on the 4M frame. It is now less than 2 basis points away. ELLIOTT WAVES At this stage, there is no substantial evidence to justify a change in the very long-term outlook. In March, the index may have…