DXY

This index may go up, the arguments are here:

Advantages

1. Uptrend channel
   
2. Wave 2 (ABC) completed, maybe the market will start a wave 3 of 5 if my count is correct
   
3. The price exceeds 0.38 fibo since September 2023 and this year
   
4. Price makes higher highs and lower highs
   
5. The RSI and Stoch show me oversold on a daily and weekly time frame.
   
6. If the ECB lowers interest rates tomorrow and the FED does not make changes to its policy, I can speculate on this
   

Cons

1. The COT does not show me a convergence between Hedge Funds and Institutional Funds, I need confirmation for this data.
   

For an invalidation price, if the price closes below 104 I think the dollar should go down against all currencies.

https://www.tradingview.com/x/zAcgax4E/


NOT A FINANCIAL ADVICE