DXY: Weekly Outlook

Weekly DXY Outlook

On the weekly chart, the US Dollar Index (DXY) has reached a critical zone that was last tested in February 2022.

While a rebound is not guaranteed, the fact that the DXY has declined nearly 12% over just six months—despite a resilient U.S. economy—suggests the potential for renewed strength in the dollar.

I think the index could begin a recovery toward key levels at 100.00, 101.97, and possibly 106.00/

It’s worth noting that the broader bearish trend began with the trade tensions initiated during the Trump administration, which strained relations with several major trading partners.

Given that this is a weekly chart, it should be used more as a reference point rather than a trading signal.

You may find more details in the chart!
Thank you and Good Luck!