The U.S. Dollar Index is showing signs of exhaustion after a choppy, corrective structure, with price transitioning from expansion into a more distributive phase. The recent lower highs and weakening bullish momentum suggest that buyers are losing control, while the structure begins to favour a continuation move to the downside.
The internal price action reflects inefficiency and lack of strong continuation, often seen before a directional push. With momentum fading and structure compressing, the probability leans towards a bearish leg unfolding next, potentially accelerating once the current range resolves.
This type of behaviour typically precedes a cleaner move, and the current setup is positioning for a continuation rather than reversal.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
The internal price action reflects inefficiency and lack of strong continuation, often seen before a directional push. With momentum fading and structure compressing, the probability leans towards a bearish leg unfolding next, potentially accelerating once the current range resolves.
This type of behaviour typically precedes a cleaner move, and the current setup is positioning for a continuation rather than reversal.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
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