U.S Dollar Index (DXY) Strong Bearish Potential

4H CHART EXPLANATION:



After the big downside move, price recovered almost all the way down. Now it seems that the Daily Resistance Zone is holding the price, and it broke the Ascending Channel. So, if the Daily trendline is broken, then we can expect a downwards move towards the previously tested Support Zone.


MULTI TIMEFRAME ANALYSIS:


-Daily:



-Weekly: