TVC:DXY   U.S. Dollar Index
This is the Dollar Index on the 4 hour , remember we use this chart to determine what moves the other dollar based pairs will make . The Dollar Index aka DXY is always easier to read than the other pairs so it is the perfect blueprint that we can analyze to help us throughout the week. Price on the dollar has been bullish every since the W bullish reversal pattern made on the week of July 17-21 , 2023 (we called it). But this past week price has been in kind of a consolidation as shown on this 4 hour chart. Price is also sitting on a zone of support that it seems to be respecting nicely BUT if we look left we can see price has still yet to be completely filled from that big bullish candle made on Oct 12th. Price can do two things which is continue respecting this zone of support which just so happens to be exactly on the number of 106.000 or we can see price go a little past this zone to fill in that big candle and respect around 105.800-105.700. Either way my outlook for this week is for the DXY to continue it's bullish trend especially after the consolidation period it had last week.
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