Forecast dollar-index (DXY) for this week

DXY is in a bearish channel since dec 20.

Expect a breakout of the channel this week (move up).

After move up expect a quick surge down to take out the stops at 99.40

Or vise versa: take stops, then surge up. Update tomorrow.

Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)

Zlecenie aktywne:

Update on Dollar-Index:

It took a week longer then expected, but the predicted break-out to the upside is a fact.

Question is will the up-move continue?

Forecast remains: continuation of the move up to 102.00 until end of the week (Thursday EOD).

See chart for visual update: