DXY (U.S. Dollar Index) Analysis – Daily Chart
🔹 Recent Downtrend:
The DXY has been in a strong decline ⬇️ after breaking key support around 104.5 📉.
The price dropped sharply, showing bearish momentum 🚨.
🔹 Key Zones Identified:
Resistance Zone (104.0 – 105.0) ❌📊 (Previously support, now acting as resistance)
Support Zone (100.5 – 101.0) ✅📉 (Potential target for further downside)
🔹 Expected Price Movement:
A possible short-term bounce 🔄 back toward the 104.0 - 104.5 resistance ⚠️.
If rejected ❌, the downtrend may continue toward the 100.5 – 101.0 level 🎯📉.
🔎 Conclusion:
✅ Bearish Bias – Trend favors further downside unless the price reclaims 105.0.
📌 Watch for a retracement before another drop 📉.
📊 Key Levels:
Resistance: 104.0 – 105.0 🚧
Support: 100.5 – 101.0 🛑
🔹 Recent Downtrend:
The DXY has been in a strong decline ⬇️ after breaking key support around 104.5 📉.
The price dropped sharply, showing bearish momentum 🚨.
🔹 Key Zones Identified:
Resistance Zone (104.0 – 105.0) ❌📊 (Previously support, now acting as resistance)
Support Zone (100.5 – 101.0) ✅📉 (Potential target for further downside)
🔹 Expected Price Movement:
A possible short-term bounce 🔄 back toward the 104.0 - 104.5 resistance ⚠️.
If rejected ❌, the downtrend may continue toward the 100.5 – 101.0 level 🎯📉.
🔎 Conclusion:
✅ Bearish Bias – Trend favors further downside unless the price reclaims 105.0.
📌 Watch for a retracement before another drop 📉.
📊 Key Levels:
Resistance: 104.0 – 105.0 🚧
Support: 100.5 – 101.0 🛑
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join my tellegram channel
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join my refferal broker
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t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
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.