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U.S. Dollar Index

Possible bearish long term trend for DXY

By JC-FX
Updated
As we can see on Friday, DXY test a long term bullish channel as a resistance. So if we cannot see a daily close above 97.90, we can expect a bearish long term trend for DXY. If the index came back to the up-trend channel, the idea will be canceled.
Comment
After today's news, the DXY index was rejected form uptrend channel strongley as resistance.
Comment
Monthly candle has close as strong engulfing. Because of that my view is that we will see DXY going down during following weeks/months maybe.

Let me know your comments or thinking about this.
DXYlong-termTrend Analysis
JC-FX

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