DXY Correction Plays Out – Is a Reversal Next? Since the end of January, I have been anticipating a correction in the TVC:DXY , with a target around the 106 support level.
This correction has unfolded as expected, with the Dollar Index touching 106 on Monday, followed by another test and reversal yesterday.
A key observation is that since the early February spike, the DXY has been trading within a falling wedge—a pattern that often signals a potential reversal.
What’s Next?
✅ Bullish confirmation would come with a daily close above the 106.60–106.70 zone. If this happens, we could see a move up to 108.50, a key resistance level.
✅ Interim resistance sits at 107.30, which could also act as a potential target for bulls.
Trading Implications:
If the Dollar Index confirms an upside breakout, it could present selling opportunities in FX:EURUSD , FX:GBPUSD , FX:AUDUSD , and TRADENATION:NZDUSD .
Dxyindex
DXY Dollar Index Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰🐱👤🐱🏍
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the DXY Dollar Index Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (37800) then make your move - Bearish profits await!"
however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. I Highly recommended you to put alert in your chart.
Stop Loss 🛑: Thief SL placed at 38500 (swing Trade Basis) Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 36500 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
DXY Dollar Index Market is currently experiencing a Bearish trend., driven by several key factors.
⚡Fundamental Analysis
Fundamental factors driving DXY focus on U.S. economic conditions, Fed policy, and global currency dynamics.
Interest Rates:
U.S. Federal Reserve: Rates steady at 3-3.5%, down from 2024’s 4.5-5%. Fed officials stress data dependency, with no cuts signaled despite weak PMI (50.4) and jobless claims (219,000 vs. 215,000 forecast). Real yields (10-year Treasury at 3.8%, ~1% inflation-adjusted) support USD.
Other Countries: ECB at 2.5%, BoJ at 0.25-0.5%, BoE at 4-4.5%—U.S. yield advantage persists, though narrowing.
Impact: Bullish for DXY, tempered by global easing.
Inflation:
U.S.: PCE at 2.6% YoY (Jan 2025), above the Fed’s 2% target, with producer inflation hotter-than-expected (X posts). Inflation fears linger, supporting USD.
Other Countries: Eurozone at 2.8%, Japan at 2.5%, UK at 2.5-3%—global inflation pressures USD rivals less.
Impact: Bullish, as U.S. inflation sustains Fed hawkishness.
Economic Growth:
U.S.: Mixed signals—PMI at 50.4 (near stagnation), jobless claims up, but ADP jobs beat at 183,000 (Jan 2025). Tariffs add uncertainty.
Other Countries: China at 4.5% (slowing), Eurozone at 1.2%, Japan at 1%—U.S. outperforms peers.
Impact: Mildly bullish, U.S. resilience aids USD.
Safe-Haven Flows:
USD competes with JPY and CHF amid tariff risks and geopolitical flare-ups (Russia-Ukraine, Middle East). Recent yen strength (X posts) pressures DXY.
Impact: Mildly bearish, global risk-off challenges USD dominance.
Trade Balance:
U.S. deficit persists, but Trump’s tariffs (25% Mexico/Canada, 10% China) aim to bolster USD via trade shifts.
Impact: Bullish long-term, short-term neutral.
⚡Macroeconomic Factors
U.S.-focused with global context:
U.S. Policy: Fed’s tighter stance vs. global easing (ECB, BoJ) favors USD. Trump’s tariff threats add volatility, potentially strengthening USD via trade protectionism.
Global Growth: 3% (Morgan Stanley), with China slowing and Eurozone stagnant (PMI 46.2). U.S. relative strength supports DXY.
Commodity Prices: Oil at $70.44 pressures import-heavy peers (Japan), mildly weakening JPY vs. USD.
Currency Dynamics: Yen strength and EUR softness (EUR/USD below 1.0500) drag DXY lower recently,
⚡Commitments of Traders (COT) Data
Hypothetical COT (mid-Feb 2025, CME):
Large Speculators: Net long USD ~70,000 contracts (down from 80,000 post-110 peak), cooling after profit-taking.
Commercial Hedgers: Net short USD ~80,000, hedging export exposure as tariffs loom.
Open Interest: ~150,000 contracts, stable, reflecting U.S. trader engagement.
Key Insight: Speculative longs suggest bullish bias, but moderation hints at consolidation.
⚡Market Sentiment Analysis
Includes retail, institutional, and corporate traders:
Retail Sentiment: U.S. retail traders likely 60% short DXY at 106.000 (hypothetical broker data), betting on yen/CHF gains. Contrarian upside risk if shorts unwind.
Institutional Traders: U.S. funds (e.g., Citi, HSBC) mixed—bearish short-term (DXY to 96.87, Citi Hong Kong), bullish long-term (WalletInvestor to 119.193). Sentiment leans cautious.
Corporate Traders: U.S. exporters hedge at 106.50-107.00, neutral as tariffs loom; European firms favor EUR weakness.
Social Media (X): notes yen-driven DXY weakness, sees bearish momentum to 106.15—trending bearish.
Broker Data: U.S. IG sentiment ~55% long—balanced positioning.
⚡Quantitative Analysis
Moving Averages: 50-day SMA (106.30), 200-day SMA (105.50)—price below 50-day, above 200-day, neutral signal.
RSI: 45 (daily), bearish momentum fading, room for reversal.
Bollinger Bands: 105.80-106.80 range, 106.000 at midpoint—consolidation likely.
Fibonacci: 38.2% retracement from 110.00-102.50 at 105.62—key support holds.
Volatility Model: Implied volatility (1-month) at 7%, suggesting 0.75-point monthly range (±0.7%).
⚡Intermarket Analysis
USD/JPY: At 150.00, yen strength pressures DXY; drop to 145 could accelerate declines.
EUR/USD: Below 1.0500, EUR weakness supports DXY mildly.
Gold: XAU/USD at 2940 (risk-off proxy) inversely pressures USD.
Equities: S&P 500 range-bound (5960-6120) reflects stability, neutral for DXY.
Bonds: U.S. 10-year yield at 3.8% vs. JGB at 0.9%—yield gap aids USD.
⚡News and Events Analysis
Recent: Trump’s tariff threats (25% Mexico/Canada, 10% China, Feb 23-25) fuel risk-off, pressuring DXY via yen strength (X posts). Weak U.S. PMI and jobless claims offset by PCE at 2.6% (Jan 2025).
Upcoming: U.S. PCE data (Feb 28) critical—hotter data could lift DXY, softer data bearish. Fed rhetoric pending.
Impact: Bearish near-term from risk-off, bullish potential from Fed stance.
⚡Overall Summary Outlook
DXY at 106.000 balances U.S. resilience (Fed policy, inflation) against global risk-off pressures (tariffs, yen strength). Fundamentals favor USD long-term, but macro risks and sentiment (retail shorts, X bearishness) suggest near-term softness. COT shows cautious longs, quant signals consolidation, and intermarket flows (gold rise, yen strength) lean bearish. Short-term dip to 105.50-105.91 likely, medium-term range-bound with a bullish tilt if Fed holds firm.
⚡Future Prediction
Bullish Case: DXY to 108.00-110.00 by Q2 2025 if PCE/Fed bolster USD, tariffs lift trade flows, and risk-on resumes.
Bearish Case: Drop to 103.50-105.00 if yen/CHF surge, tariffs falter, or Fed dovishness emerges.
Prediction: Mildly bearish short-term to 105.50, then bullish to 108.00 by mid-2025, driven by Fed policy divergence.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
USD/CHF Poised for a Bullish Reversal at Key SupportThe USD/CHF pair is currently trading near a significant support level around 0.8950, with bullish signals emerging. The harmonic Bat pattern suggests a potential reversal, aligning with historical price reactions at similar levels. Additionally, the presence of green buy markers and RSI indicators approaching oversold conditions indicate possible upward momentum.
If price sustains above the 0.8950 region, a bullish move towards 0.9000 and beyond could unfold, with further resistance around 0.9120. Confirmation of reversal signs, such as bullish candlestick formations and RSI divergence, will strengthen the case for a recovery.
"Bearish Pressure on DXY: Key Levels to Watch"🔹 Technical Analysis of U.S. Dollar Index (DXY) - 4H Chart
▪️Market Structure & Trend Analysis:
- The chart shows a clear downtrend in the U.S. Dollar Index (DXY), with a series of lower highs and lower lows.
- The price is trading below the 200-period moving average (blue line) and 50-period moving average (red line), reinforcing bearish sentiment.
🔹Key Levels:
1. Strong Resistance Area ( 107.300 - 107.400)
- This is a significant supply zone where sellers have aggressively pushed the price down in the past.
- The price recently tested this area and failed to break higher, indicating strong resistance.
2. Resistance Level for Further Downside ( 106.700 - 106.800)
- The price is struggling to stay above this level, which has now become a short-term resistance zone.
- If price stays below this level, further downside is likely.
3. Target Area ( 105.453)
- This is the next major support level, where price could find buying interest and potentially reverse or consolidate.
▪️Market Expectation:
- Bearish Continuation:
- If price remains below the 106.700 resistance level, it is likely to continue downward towards the 105.453 target zone.
- Invalidation of Bearish Bias:
- If price breaks and closes above 107.400, it could signal a trend reversal or deeper retracement.
🔹Conclusion:
- Bias: Bearish
- Trading Plan: Look for sell opportunities below resistance zones and target 105.453 for a potential move lower.
😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
#DXY 4HDXY (4H Timeframe) Analysis
Market Structure:
The price is forming a falling wedge pattern, which is generally considered a bullish reversal pattern. This suggests that the downtrend is losing momentum, and a potential upward move could follow if the price breaks above the wedge resistance.
Forecast:
A buy opportunity may arise if the price confirms a breakout from the falling wedge pattern, signaling increased bullish pressure.
Key Levels to Watch:
- Entry Zone: A buy position can be considered after a confirmed breakout above the wedge resistance.
- Risk Management:
- Stop Loss: Placed below the recent swing low to manage risk.
- Take Profit: Target key resistance levels based on previous price action.
Market Sentiment:
The falling wedge suggests potential bullish momentum. A confirmed breakout with strong price action can provide better validation for the buy setup.
DXY Dollar Index Market Bearish Heist Plan (Day/Swing Trade)🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰🐱👤🐱🏍
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the DXY Dollar Index Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 108.500 (swing Trade Basis) Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 105.500 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
DXY Dollar Index Market is currently experiencing a Bearish trend., driven by several key factors.
💠Fundamental Analysis
Weakening US Economy: The US economy's growth is slowing down, which could lead to a decline in the dollar's value.
Falling Interest Rates: The US Federal Reserve's decision to cut interest rates could weaken the dollar.
💠Macroeconomic Analysis
The US economy's growth, inflation rates, and employment numbers influence the dollar's strength.
Global economic trends, such as trade tensions and geopolitical events, also impact the dollar's value.
💠COT Data Analysis
Net Short Positions: Institutional traders and large banks have increased their net short positions in the DXY Dollar Index, indicating a bearish sentiment.
COT Ratio: The COT ratio has fallen to 1.2, indicating a bearish trend.
💠Market Sentimental Analysis
Bearish Sentiment: 55% of client accounts are short on this market, indicating a bearish sentiment.
Option Skew: The 25-delta put option skew has increased to 15, indicating a bearish sentiment.
💠Positioning Data Analysis
Institutional Traders: Institutional traders and large banks are positioning themselves for a bearish trend, with some predicting a decline to 105.50.
Corporate Traders: Corporate traders are also monitoring the index's performance, considering factors like interest rates and global economic trends.
💠Overall Outlook
Bearish Trend: The DXY Dollar Index is experiencing a bearish trend, with a potential decline to 105.50.
Key Support Levels: 106.57, 105.50.
💠Technical Analysis
Moving Averages: The 50-day MA is indicating a bearish trend.
Relative Strength Index (RSI): The RSI has fallen to 40, indicating oversold conditions.
Bollinger Bands: The lower band breakout indicates a bearish trend.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
DXY on high time frame
"Hello traders, focusing on DXY on high time frames, as per my previous analysis, the price has shifted towards a bearish direction. The price has reached the 110 zone, and candle formations are indicating a downtrend. I anticipate further pullback towards the 108 zone and potentially lower prices thereafter."
If you have any specific questions or need further assistance with your message, feel free to let me know!
Dollar idex is ready to drop next week are you ready ?This week, the market was slow with little movement. However, starting next week, keep an eye on the dollar. The order flow is showing a strong sell, and the daily chart reveals an FVG that indicates a sell from this level. Additionally, the current low aligns with the monthly FVG level. Trading next week should be exciting!
DXY will go first to 95 and then 86.Hi, another dollar index DXY chart today.
You can make many predictions about how the world will be in the future, I have all just cycles + structures and charts.
At this point, that opinion may not be in line with those policy statements by world leaders. But we're not here to discuss politics.
Best regards EXCAVO
U.S. Dollar Index (DXY) Technical Analysis1. Long-Term Uptrend & Ascending Channel
The DXY has been respecting a well-established ascending channel for over two decades, with price action bouncing between the upper and lower trendlines. This suggests a macro bullish structure, despite periodic corrections.
2. Wave Structure for Clarity
The green waves highlight significant price swings within the trend.
These waves illustrate market cycles of expansion and correction, showing how DXY has moved through phases of strength and retracement.
The current movement suggests a similar pattern is playing out, with a likely correction before the next potential leg higher.
3. Key Price Levels
Resistance at ~113.07: A major historical level where the index has faced selling pressure.
Support Zone (~100-102): The blue area represents a critical support region that has acted as a demand zone in previous corrections.
Lower Trendline (~98): If selling pressure continues, the lower boundary of the channel (~98) could act as the final line of support before a potential reversal.
4. Potential Market Scenario
The price has recently rejected the upper region and is heading toward support.
If the 102-100 range holds, a bounce toward the upper trendline (~113) is likely.
If broken, the next target would be the lower channel support (~98) before a possible long-term recovery.
Gold Breaks Out of Triangle Pattern: Targeting $2,970–$2,980This chart shows a breakout from a triangle pattern on the 1-hour timeframe for gold (XAU/USD). The breakout has occurred above the resistance of the triangle, indicating potential bullish momentum.
- Resistance Zone: The previous resistance level was around 2,936–2,940, which was tested multiple times before the breakout. Now, this level may act as new support.
- Target: The projected target for this breakout is near 2,970–2,980, aligning with the height of the triangle pattern.
A successful retest of the breakout level could confirm further bullish movement toward the target zone.
Gold(XAUUSD Bullish Breakout with Upside Potential Towards 2,940This chart shows a bullish structure in gold (XAUUSD) on the 15-minute timeframe.
1. **Break of Structure (BOS)** – There was a BOS to the upside, confirming bullish momentum.
2. **Change of Character (ChoCH)** – Multiple ChoCH events indicate a shift in sentiment before the breakout.
3. **Liquidity & Equal Highs (EQH)** – A weak high is marked around 2,940, suggesting a possible liquidity grab.
4. **Demand Zone & Trendline Support** – The price rebounded from a key demand zone and trendline support, fueling the breakout.
5. **Current Price Action** – Gold is currently in a minor pullback around 2,911 after a strong bullish push. The next potential target is near the 2,940 resistance.
If the price holds above the 2,904–2,911 support zone, further upside is expected toward 2,940. A failure to hold could lead to a retest of lower demand zones.
Gold Teeters on the Edge: 2942 Retest Before the Big Leap!XAU/USD: Gold Eyes New Highs as Market Dynamics Align for Further Upside
Gold (XAU/USD) is once again testing its all-time high (ATH), a critical technical level that historically increases the probability of continued upward momentum. With the psychological 3000 level gradually coming into focus, the market remains on edge, closely monitoring key economic data and geopolitical developments that could fuel the next leg higher.
Current Market Conditions & Fundamental Drivers
Gold’s latest consolidation phase follows an impressive rally, maintaining its long-term uptrend while digesting recent gains. The metal remains well-supported by a combination of macroeconomic and geopolitical factors that continue to favor bullish sentiment:
Trump’s Tariff Plans: Former U.S. President Donald Trump has reiterated his stance on imposing tariffs if re-elected, a policy move that historically strengthens gold as investors hedge against trade uncertainty and inflationary pressures.
Federal Reserve’s Dovish Shift: Market expectations for the Federal Reserve to initiate rate cuts remain elevated. While Fed Chair Jerome Powell has hinted at the necessity of monetary easing, he has refrained from providing a specific timeline. This uncertainty has kept the dollar under pressure, indirectly benefiting gold.
Weakening Dollar & Falling Bond Yields: Recent Producer Price Index (PPI) data reinforced a dovish sentiment, signaling softening inflationary pressures. The dollar and U.S. Treasury yields have reacted accordingly, weakening in response and creating a more favorable environment for non-yielding assets like gold.
Markets have also digested the delay in tariff implementations and mixed messages from policymakers. While the rhetoric from Powell and Trump suggests a growing consensus on the need for lower interest rates, the lack of concrete action leaves room for speculation-driven volatility.
Technical Landscape: Key Levels & Price Structure
Gold is currently consolidating just below its ATH, with a delicate balance between profit-taking and renewed buying pressure. The key technical levels to watch include:
Resistance Levels:
$2942.6 – The immediate barrier gold needs to clear to confirm a breakout.
$2950 – A psychological and technical level that, if breached, could accelerate bullish momentum toward the much-anticipated 3000 mark.
Support Levels:
$2929 – A critical short-term support zone that has previously acted as a springboard for renewed buying interest.
$2922 – A deeper support level where buyers may step in to defend the uptrend.
$2908 – A major pivot point; a break below this level could signal a temporary shift in momentum.
Potential Scenarios & Market Outlook
Direct ATH Retest & Breakout
If gold manages to sustain its momentum and push past $2942-$2950, a test of ATH will be imminent. A decisive breakout above this level could open the doors for a rapid move toward $2975 and beyond, with $3000 becoming a realistic short-term target.
Support Retest Before Further Upside
Should gold fail to break above immediate resistance, a pullback toward $2929-$2922 remains a plausible scenario. This retracement would likely serve as a healthy correction, providing stronger support for the next leg higher.
Deeper Correction Toward $2908
While less likely in the absence of a major catalyst, a sharper decline could see gold testing $2908. Such a move would challenge the uptrend in the short term but might present an attractive buying opportunity for long-term bulls.
Market Catalysts Ahead: U.S. Retail Sales Data
The upcoming U.S. retail sales report is poised to be a key market-moving event. Strong consumer spending data could momentarily boost the dollar, exerting short-term pressure on gold. Conversely, weaker-than-expected retail numbers would reinforce the Fed’s dovish stance, adding fuel to gold’s bullish narrative.
Final Thoughts: Bullish Momentum Intact, Eyes on ATH
Gold remains in a strong uptrend, with macroeconomic factors and technical signals aligning in favor of further gains. While a support retest is possible before another rally, the overall trajectory remains bullish, with the 3000 milestone inching closer. Traders and investors should keep a close eye on resistance levels and upcoming economic data, as they could dictate the next major move in gold’s journey toward new highs.
EUR/USD Poised for a Pivotal Resistance BreachEUR/USD: Eyeing a Breakout Amid Dollar Weakness
The EUR/USD pair is navigating a critical juncture as it attempts to capitalize on the ongoing correction in the U.S. dollar. After a prolonged period of downward pressure, the price is now testing a crucial resistance level, hinting at the possibility of a breakout that could pave the way for renewed bullish momentum.
Technical Overview
Following an initial attempt to breach the overarching downtrend resistance, EUR/USD has transitioned into a consolidation phase, creating a defined trading range between 1.053 and 1.021. Within this broader structure, a more localized consolidation channel has emerged, with the price repeatedly challenging resistance at 1.038. This level is proving to be a pivotal inflection point, where market participants are carefully assessing the potential for a sustained bullish reversal.
The ongoing price action suggests that the market is still in the process of determining whether the recent correction in the dollar is sufficient to establish a structural shift in trend. A successful breakout above 1.038, followed by a decisive price stabilization above this threshold, would significantly increase the probability of continued upward movement.
Market Sentiment and Fundamental Factors
Beyond technical considerations, the fundamental landscape remains highly complex. Global economic uncertainties, compounded by the lingering effects of trade disputes and inflationary pressures, continue to shape investor sentiment. The ongoing tariff war and economic slowdown in key regions add another layer of unpredictability, making market reactions more sensitive to macroeconomic developments.
Despite these challenges, the weakening U.S. dollar provides a window of opportunity for the euro to gain traction. If the dollar correction deepens, it could further bolster the euro's position, enabling it to sustain higher levels and potentially embark on a more pronounced bullish trajectory.
Key Levels to Watch
Resistance Levels: 1.038, 1.053
Support Levels: 1.033, 1.021
A confirmed breakout above 1.038, supported by strong buying momentum and sustained price action above this zone, could unlock additional upside potential, allowing EUR/USD to advance further within the broader framework of accumulated market energy. Conversely, a failure to hold above this level may result in renewed downward pressure, keeping the pair trapped within its consolidation range.
As the market awaits further clarity, traders and investors should remain vigilant, keeping a close eye on both technical signals and fundamental catalysts that could influence the pair's next major move.
Bearish drop?The US Dollar Index (DXY) has reacted off the pivot and could drop to the pullback support that lines up with the 100% Fibonacci projection.
Pivot: 107.51
1st Support: 105.72
1st Resistance: 109.67
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