DXY - US Dollar Price Rally — Bias Flip to Long
Published: 24th September 2026
The Reassessment
The initial bias on the dollar index was bearish, anticipating a move lower. Price has instead pushed higher and retraced to a point where that count is more likely wrong. Rather than force the original thesis, the read has been revised.
The New Count
Price action now looks like a complex correction rather than the start of a fresh downtrend. The structure suggests there is potentially one more wave to the upside, targeting the 102 to 103 range, before the correction completes. Price is currently holding above the 20 and 50-day EMAs, consistent with near-term upside continuation.
Trade Parameters
Bias: Long, pending confirmation
Target: 102 to 103 on the final wave higher
Trigger: Waiting for a pullback and continuation before entering. Not chasing at current levels
This is not financial advice. All trades carry risk. Always conduct your own analysis and manage position sizing appropriately.
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