DXY In Bearish Wedge FormationDXY Looks like it's in a bearish wedge formation that formed on June 18th and this is inside of another larger bearish wedge structure with a base around 89 which is where I think the ultimate target is before the next move up or down in DXY can be determined.
This is a medium-long range HTF forecast - not to be used for shorter term trades. In the shorter term time frames it looks like DXY could continue higher over next few days and couple weeks before breaking down from the bearish wedge structure formed on June 18th.
Dxyusd
DXYUpdate, this is why the dollar index is selling off a bit which is giving oil and stocks a nice little push here. Which also coincides with SP500 bouncing off 2800 area. But I think this
will be short lived and once the DXY breaks out of the smaller H4 triangle the markets will probably sell off.