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US Dollar Index

"DXY is building a textbook bullish flag — here’s exactly where

48
For Traders (technical + confident)


DXY bulls gearing up for a double-leg rally”



1. Context & Market Structure:

After a sharp impulsive drop (green falling wedge), DXY has begun corrective accumulation in an ascending channel.

Current price 99.531 is consolidating inside a broadening bullish flag pattern.

  1. Key Zones:

    Major supply zone: 100.500 – 101.000 (highlighted yellow box)

    Short-term resistance: 99.700

    Short-term support: 98.8Projected Path (2 bullish legs):

    First push (red path): Minor pullback → break to ~100.100

    Second push (blue path): Consolidation → breakout towards 100.500–101.000 (target zone)

    00–98.500
  3. Bias:

    Short-term bullish → Targeting supply zone around 100.5–101.0

    Invalidation level: Clear break below 98.500 (would negate bullish setup)

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  1. Trade Idea:

    Buy on dips within the ascending flag, targeting 100.100 and 100.500

    Watch reaction near supply zone for possible reversal or continuation





Greenfireforex
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Greenfireforex
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.