DXY Weekly Outlook

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DXY Weekly OutlookU.S. Dollar Currency IndexTVC:DXYMomentumXAlgoritmA-BOn the weekly chart, the DXY has reached the global point B that we marked five weeks ago. This move defined the direction for all dollar-related pairs over the past month and a half. Now it’s time to reassess the chart and outline the key mid-term scenarios. Plan A: The key level provides enough volume to trigger a deeper correction. The price bounces from one of the support zones and then continues the main trend. For now, there are no strong arguments on the chart to confirm a trend reversal — the structure remains bullish. Plan B: The price reacts to the nearest support area and continues moving upward without a deep correction. This scenario becomes valid only if we see renewed momentum and strong buy-side pressure. We’re at an important turning point. Watch how the price reacts around point B — this will determine the next phase for the dollar.