DXY Analysis on RTM Style
Here’s an analysis of the **U.S. Dollar Index (DXY) on the 1H timeframe** based on the **RTM (Read The Market) style** and your drawn arrows:
Previous Trend & Break of Structure (BoS)**
- The market has been in a strong downtrend, forming **Lower Lows (LL) and Lower Highs (LH)**.
- After breaking the **105.485 level (0.5 Fibonacci retracement)**, the bearish momentum continued down to the **103.5 support zone**.
Liquidity Zones & Potential Reversal**
- The price is currently consolidating around **103.5**, indicating a possible reaction from buyers.
- A **Higher High (HH)** is marked, suggesting a potential shift in market structure.
Possible Scenario Based on the Arrows**
- A short-term **accumulation phase** is expected between **103.5 - 104**.
- If the price breaks above **103.998**, bullish momentum may drive it toward the **105.5 - 106.7 zone (Fibonacci 0.5 & 0.786 retracement levels)**.
- If this resistance is broken, the final target could be **107.27**, a strong resistance level.
- The market is at a **key support level** and may form a bullish structure.
- Confirmation of a **Higher High** and a break above **103.998** could trigger an upward move.
- **Re-Accumulation** is expected before a strong bullish continuation.
- **Bearish Alternative**: If the **103.5 support** fails, the price may drop further to **102.1**.
This analysis is suitable for publishing, but I recommend adding an alternative scenario in case the support fails, giving a more well-rounded outlook.
Here’s an analysis of the **U.S. Dollar Index (DXY) on the 1H timeframe** based on the **RTM (Read The Market) style** and your drawn arrows:
Previous Trend & Break of Structure (BoS)**
- The market has been in a strong downtrend, forming **Lower Lows (LL) and Lower Highs (LH)**.
- After breaking the **105.485 level (0.5 Fibonacci retracement)**, the bearish momentum continued down to the **103.5 support zone**.
Liquidity Zones & Potential Reversal**
- The price is currently consolidating around **103.5**, indicating a possible reaction from buyers.
- A **Higher High (HH)** is marked, suggesting a potential shift in market structure.
Possible Scenario Based on the Arrows**
- A short-term **accumulation phase** is expected between **103.5 - 104**.
- If the price breaks above **103.998**, bullish momentum may drive it toward the **105.5 - 106.7 zone (Fibonacci 0.5 & 0.786 retracement levels)**.
- If this resistance is broken, the final target could be **107.27**, a strong resistance level.
- The market is at a **key support level** and may form a bullish structure.
- Confirmation of a **Higher High** and a break above **103.998** could trigger an upward move.
- **Re-Accumulation** is expected before a strong bullish continuation.
- **Bearish Alternative**: If the **103.5 support** fails, the price may drop further to **102.1**.
This analysis is suitable for publishing, but I recommend adding an alternative scenario in case the support fails, giving a more well-rounded outlook.
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.
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.