DXY DTF AnalysisDXY DTF Analysis
DXY is currently in a downtrend, creating lower highs and lower lows. Price has recently broken below a minor key level at 103.300, followed by a retracement that targeted stop losses from sellers. This retracement has created liquidity at the liquidity zone, further validating the bearish sentiment. With the break below the minor support level, we are expecting the downtrend to continue.
Outlook and Key Technical Levels :
🔹 Minor Key Support: 103.300 (Break below signals bearish continuation)
🔹 Minor Key Resistance: 103.090 (Retracement level for sell limit order entry)
🔹 Next Minor Support: 99.850 (Downside target for sellers)
Fundamental Insight and Market Sentiment
📉 U.S. Dollar Weakness: The U.S. dollar has been under pressure recently due to growing concerns over tariffs, which have created uncertainty in the markets. This has fueled fears of a potential economic slowdown, with tariffs negatively impacting investor sentiment. The ongoing trade tensions and global uncertainties have resulted in a weaker outlook for the dollar, aligning with the technical breakdown in the DXY.
📈 Global Market Dynamics: Meanwhile, global risk sentiment remains mixed, with market participants seeking safer assets like gold, further weighing on the dollar. The negative impact from U.S. trade policies, combined with a shift in investor confidence, is contributing to a bearish outlook for the DXY.
Given the technical setup and broader market sentiment, we are closely monitoring DXY for potential sell opportunities, especially if price retraces within the identified levels for a better entry point.
📌 Disclaimer:
This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
