The US Dollar Index (DXY) is trading lower at 103.67. It is declining for the third week in a row, after peaking at 106.13 (June highs).
The US Dollar Index is forming a Three Black Crows bearish Japanese candlestick pattern. The price pattern is bearish and, if it completes, it will probably indicate more downside to come. Support comes in at swing lows in the 102s and 100s. The US Dollar Index is trading lower at 103.67. It is declining for the third week in a row, after peaking at 106.13 .
US Dollar Index Weekly Chart The index might be forming a bearish Three Black Crows Japanese candlestick pattern , which has bearish connotations. If the current week ends as a bearish red candlestick that will confirm a Three Black Crows has completed and indicate more downside is expected to follow. Assuming this is the case, the next downside target for the pair is support from the swing low at 102.32, followed by a similar swing low from late 2023 at 100.59.
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