Dollar near term strenght coming, Weekly demand holding

The DOllar has been in a decline over the last couple of months, We can see from tracking how the COT INDEX

COT Index in Forex for 6 months and 36 months
The 6-month and 36-month time frames typically refer to the historical analysis of COT data for specific currency pairs, providing insights into:

6-month COT Index:

This reflects the trading positions over the past 6 months.

It shows the trends in how market participants (e.g., hedge funds or commercial traders) have been positioned recently.

Traders typically use this shorter time frame to gauge recent trends and near-term sentiment.

A higher COT Index value indicates that speculators have a larger net long position, suggesting potential bullish sentiment, and vice versa for a lower COT Index.

36-month COT Index:

This reflects the trading positions over the past 3 years.

It provides a longer-term view of trader positioning, helping to identify historical trends and market cycles.

A higher 36-month COT Index suggests persistent bullish positioning over the longer term,

we can see the Dollar has been bought up at WEEKLY Demand, we will start looking for a shift to buy the Dollar on a daily chart.