USD Index (DXY) – Technical Analysis
- Trend Overview: The DXY initially moved within a parallel channel before breaking below support, triggering a sharp sell-off. The price has now reached a demand zone around 103.00–103.50, a critical level for potential reversal or continuation.
- Key Levels:
- Resistance Area: 106.17 – 108.00 (Marked in Red) – Previous rejection zone, likely to act as resistance if price recovers.
- Support / Demand Zone: 103.00 – 103.50 (Marked in Green) – Strong historical demand area where buyers may step in.
- Breakout & Price Action:
- Multiple rejections at the resistance area signaled weakness before a breakout to the downside occurred.
- Price hit the 1st target at 106.17, then continued dropping aggressively into the demand zone.
- A bounce attempt (blue arrow) suggests a potential recovery, but confirmation is needed.
- Outlook & Scenarios:
- Bullish Case: A strong reversal from the demand zone could push price back toward 106.17.
- Bearish Case: Failure to hold this level may extend losses below 103.00, opening downside risks.
⚡ Watch for price action signals around the demand zone before entering trades.
If you enjoy, press the like button.
- Trend Overview: The DXY initially moved within a parallel channel before breaking below support, triggering a sharp sell-off. The price has now reached a demand zone around 103.00–103.50, a critical level for potential reversal or continuation.
- Key Levels:
- Resistance Area: 106.17 – 108.00 (Marked in Red) – Previous rejection zone, likely to act as resistance if price recovers.
- Support / Demand Zone: 103.00 – 103.50 (Marked in Green) – Strong historical demand area where buyers may step in.
- Breakout & Price Action:
- Multiple rejections at the resistance area signaled weakness before a breakout to the downside occurred.
- Price hit the 1st target at 106.17, then continued dropping aggressively into the demand zone.
- A bounce attempt (blue arrow) suggests a potential recovery, but confirmation is needed.
- Outlook & Scenarios:
- Bullish Case: A strong reversal from the demand zone could push price back toward 106.17.
- Bearish Case: Failure to hold this level may extend losses below 103.00, opening downside risks.
⚡ Watch for price action signals around the demand zone before entering trades.
If you enjoy, press the like button.
Trade active
Note
Price start flying from 103.200, now just hold your trades , towards targets.Note
Congrats guys, 100 pips profit booked...Note
Note
I am holding for big targets, let's see..Note
IT'S TIME TO GO UP. LET'S SEE.Note
Trade successfully running 100 pips+ profit .Note
my targets are big , so wait for big move. Note
100 PIPS+ ACHIEVED , Note
I SHARED A NEW IDEA ABOUT DXY , THIS SETUP IS CLOSED NOW. Trade closed: target reached
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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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
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.