now lets us see DXY , the outlook of USD for this upcoming year
i only see 2 highly probable outlook for the usd index :
1- DXY will start going down in the next few weeks as the weekly chart is showing divergence , 61,8 fibo retracement and also dxy reached a major resistance level , and with a strong price action triger on the weekly chart , any good trader knows that it is a solid trade to take , however we know that markets are efficient and will always surprise us when we least expect it so theres is another scenario:
2- 2nd scenario: DXY reaches 100 another major fibo level, and starts going down from there.
Anyway you look at it , DXY s drop is looking eminent ( nothing is sure its just high probability )
lets wait and see
1- DXY will start going down in the next few weeks as the weekly chart is showing divergence , 61,8 fibo retracement and also dxy reached a major resistance level , and with a strong price action triger on the weekly chart , any good trader knows that it is a solid trade to take , however we know that markets are efficient and will always surprise us when we least expect it so theres is another scenario:
2- 2nd scenario: DXY reaches 100 another major fibo level, and starts going down from there.
Anyway you look at it , DXY s drop is looking eminent ( nothing is sure its just high probability )
lets wait and see