Dollar Index – Weekly Analysis

As if gold bugs had not suffered enough this week, the Dollar decided to make a statement on Friday. Gold gets its turn a little later. For now, the Greenback has the stage—and the timing of this move makes it especially interesting. Was Friday just another burst of strength, or did the Dollar quietly signal something much larger? In today’s Dollar Technical Analysis, we step back from the noise and examine the latest candles, momentum, trends, and Elliott Wave roadmap to see whether the Greenback is merely flexing—or preparing its next serious move. CANDLES On Friday, the Dollar printed a Bullish Engulfing on the daily frame, while the weekly failed to confirm bearish continuation. That combination suggests the pullback may be over, bringing the Three White Soldiers recorded on the weekly frame in September back to center stage. The timing is especially interesting, coming just ahead of the Fed decision…