DXY(US Dollar Index)// Bearish Outlook, Reversal pattern confirm
📉 DXY (US Dollar Index) Outlook 📉
DXY has broken the upward trendline with a significant gap down, forming strong bearish candles. A head and shoulders pattern at the top signals a confirmed reversal. The index is currently near the neckline and 200EMA, which serve as a demand zone and potential retracement point toward the trendline or second shoulder.
🎯Technical Targets: 105.90, 103.40
💡 Implication: The dollar is likely to decline toward its real value.
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Kind regards,
TrendLogic1
DXY has broken the upward trendline with a significant gap down, forming strong bearish candles. A head and shoulders pattern at the top signals a confirmed reversal. The index is currently near the neckline and 200EMA, which serve as a demand zone and potential retracement point toward the trendline or second shoulder.
🎯Technical Targets: 105.90, 103.40
💡 Implication: The dollar is likely to decline toward its real value.
📢 Support Us: Like, comment, and follow for more insights.
Kind regards,
TrendLogic1
Trade active
📉 DXY Trade Update 📉
Market Insight:
DXY has broken out of the neckline of the Head and Shoulders pattern, confirming a bearish move. Now, the market is in retracement mode, testing the pattern’s breakout level where our order block is positioned.
Next Steps:
📌 Hold trades as the retracement completes.
📌 Watch for bearish confirmation (e.g., rejection wicks, bearish engulfing) before further downside.
📌 Stay patient—our target levels are in play, and momentum will likely resume soon.
Let’s follow the trend and secure more profits! 🎯🔥
Note
Market Insight:
DXY first dropped to our target, then retraced to the trendline before continuing its strong bearish move. Now, after the neckline breakout, the market is falling aggressively and is expected to drop even further towards our target zone.
Next Steps:
📌 Keep an eye on price action—further downside is likely.
📌 Stay patient and manage trades wisely.
📌 Watch for potential reversal signs at key levels.
Momentum is strong—let’s secure more profits! 🎯🔥
t.me/TrendLogic1
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t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
Related publications
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.