DXY. Necessary correction.

At the moment, the trading instrument is probably in the correction phase, in the last wave E of the descending triangle, the exit is expected along the global downtrend.

Data from CoT reports on the dollar index (USDX) reflects a slight increase in bullish sentiment on the US currency among large speculators. After quarterly expiration of futures, large funds stopped building up their net position on dollar growth at its 5-month highs and began to increase sales.

More bullish on the dollar are hedgers who trade longer-term. Hedgers resumed building up their net position for USD growth. At the same time, the net position has updated highs over the past 5 months, a direct indicator of USDX weakness.