At its current level, the DXY (US Dollar Index) is at a critical zone where a potential bullish reversal could occur. It is plausible that the index could reverse somewhere between the 99.50 – 98.00 range. However, there is also a possibility that this zone could break, leading to further downside continuation, potentially targeting the 96.23 – 93.95 levels.
It’s important to always watch for potential reversal signs at key levels. The reversal, if it happens, will likely be confirmed by certain indicators or patterns—like reversal candlestick formations—that we’ve mentioned before. Once price reaches those zones, look out for any of those confirmation signals, and use your own trading experience to validate them.
That being said, it’s also realistic to consider that the current zone (between 99.00 – 98.00) might already be the point where the dollar begins a strong recovery.
Note: All scenarios are valid, and key levels should be monitored closely for signs of a shift in momentum
DXY
It’s important to always watch for potential reversal signs at key levels. The reversal, if it happens, will likely be confirmed by certain indicators or patterns—like reversal candlestick formations—that we’ve mentioned before. Once price reaches those zones, look out for any of those confirmation signals, and use your own trading experience to validate them.
That being said, it’s also realistic to consider that the current zone (between 99.00 – 98.00) might already be the point where the dollar begins a strong recovery.
Note: All scenarios are valid, and key levels should be monitored closely for signs of a shift in momentum
DXY 
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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.
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.