Dollar Index Weekly Forecast 9/5/2022

Before tomorrow's fundamentals on supply management drop, I think its a great idea to get a technical understanding of where the market can possibly go. Last week, DXY was in a period of consolidation until the high impact news caused a strong bullish momentum break out of the colsolidated area. Before closing out, we can see a classic retest by a hammer candle and a weak shooting star candle. This last candle has many clues that indicate price action can have more bullish momentum coming into the market this week. Lets see how this plays out.

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Short Term Target Hit ! Possibly get a pullback before continuing this bullish run