This chart is for the US Dollar Index (DXY) on the daily timeframe (1D) from FXOPEN. It shows a clear bearish trend structure with multiple CHoCH (Change of Character) and Break of Structure (BoS) labels, indicating a bearish market sentiment.
Chart Analysis Summary:
The DXY is in a downtrend, showing successive lower highs and lower lows.
There's a strong supply zone marked in red around the 107.8–110.8 level.
Price has just broken below a previous structure, suggesting continuation downward.
Trade Setup (SELL):
Entry Point: Around 99.800 (current price zone or slightly after a minor pullback)
Stop Loss (SL): 101.00 (above the most recent high/supply zone and invalidation area)
Take Profit 1 (TP1): 96.000 (first key support zone)
Final Target (TP2): 89.400 (major support zone as seen on the chart)
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DXY SELL SETUP – Daily Timeframe
The US Dollar Index (DXY) has shown multiple bearish CHoCH and BOS confirmations. Price has broken key structure and is currently retesting a premium area. We are anticipating continued bearish pressure based on trend structure and liquidity targets below.
Entry: 99.800
Stop Loss: 101.000
Take Profit 1: 96.000
Final Target: 89.400
This setup aligns with overall market structure and momentum. Stay updated for management and scaling instructions.
Chart Analysis Summary:
The DXY is in a downtrend, showing successive lower highs and lower lows.
There's a strong supply zone marked in red around the 107.8–110.8 level.
Price has just broken below a previous structure, suggesting continuation downward.
Trade Setup (SELL):
Entry Point: Around 99.800 (current price zone or slightly after a minor pullback)
Stop Loss (SL): 101.00 (above the most recent high/supply zone and invalidation area)
Take Profit 1 (TP1): 96.000 (first key support zone)
Final Target (TP2): 89.400 (major support zone as seen on the chart)
Text You Can Share with Your Client:
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DXY SELL SETUP – Daily Timeframe
The US Dollar Index (DXY) has shown multiple bearish CHoCH and BOS confirmations. Price has broken key structure and is currently retesting a premium area. We are anticipating continued bearish pressure based on trend structure and liquidity targets below.
Entry: 99.800
Stop Loss: 101.000
Take Profit 1: 96.000
Final Target: 89.400
This setup aligns with overall market structure and momentum. Stay updated for management and scaling instructions.
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.