This is a rough yearly outlook for the DXY. I will be updating this as the year goes on (I'll update this idea monthly as I check it).
Right now there is TONS of sell side liquidity open on the DXY, and price may want to attack it.
It's important to monitor its behavior around the 110-112 mark.
I'm bearish on this index overall (1-4 year outlook), but it could definitely have a semi bullish 2025.
SCENARIOS
-If we get a strong breach above that would imply a new 10-year high potential.
-If we hit the 110-112 mark and reverse down under 108 within 30-days of hitting that mark, we are probably going to make a run for sell side liquidity, with the first target being 99.50.
That's all for now.
-Gio
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