DXY Don't lose sight of the big picture.

The U.S. Dollar (DXY) may be having a green month as we approach its end but this shouldn't make you diverge from the long-term perspective. And as you see, the outlook on the 1M time-frame remains bearish as not only is the price still on Lower Highs since the September but the 1M MACD completed a Bearish Cross this March and we are still far from hitting the 1M MA50 (blue trend-line), which is the first target during trend changes.

The multi-year pattern is (the decade long) Channel Up, so the target can be near its bottom (Higher Lows trend-line) around 96.000 and if a 1M candle closes below it, the we can even target the top of the Pivot Zone at 90.000.


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