I see US dollar index (DXY) bullish for next weeks.
When we finish correction period, my expectation is that US dollar will regain its power against other currencies during next months.(April,May,June)
Technical Analysis details:
-I see divergence in squeeze indicator for trend reversal.(on weekly chart)
-Wave trend analysis shows that we are at the bottom on the weekly chart.
-Stoch seems healthy for future.
Also i observed a similar action on the past data of DXY which happened in 2010-2011 therefore it could be a good example for future movement.
I hope you like my analysis, have a nice day.
Berk
When we finish correction period, my expectation is that US dollar will regain its power against other currencies during next months.(April,May,June)
Technical Analysis details:
-I see divergence in squeeze indicator for trend reversal.(on weekly chart)
-Wave trend analysis shows that we are at the bottom on the weekly chart.
-Stoch seems healthy for future.
Also i observed a similar action on the past data of DXY which happened in 2010-2011 therefore it could be a good example for future movement.
I hope you like my analysis, have a nice day.
Berk
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