Index/US) Bearish trend analysis Read The caption)SMC trading point update
Technical analysis of U.S. Dollar Index (DXY) on the 30-minute timeframe, with the price respecting a clear downtrend and repeatedly rejecting a resistance zone near the 200 EMA.
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Analysis Breakdown
Key Technical Elements:
1. Downtrend Structure:
The price rema
Dollar Monthly CLS I Model 1 I Reversal I DOBHey, Market Warriors, here is another outlook on this instrument
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US DOLLAR INDEX(DXY): Classic Bearish SetupI believe that 📉DOLLAR INDEX has a potential to continue falling.
The market has been consolidating in a wide intraday horizontal range, and the breakout below the range support is a significant bearish indicator.
Target levels are 98.08 then 97.80 support.
DXY Market Outlook: Eyes on 99.392Hello Traders,
DXY found buyers at the 97.921 level we tracked last week and managed to close daily candles above this level. We can now refer to this area as a rejection block (D + RB). This week, the block was retested and encountered rejection from buyers.
With this buyer reaction, our target i
Stuck in the Zone: DXY Tests Balance Between 98 and 99Hello Traders,
After a sharp and uninterrupted decline in the DXY, price found support at the 97.921 level. Sellers then regained control from the weekly bearish Fair Value Gap (W-FVG), pushing price back into the 99 zone.
In this zone, neither sellers nor buyers have managed to assert dominance—s
DXY is turning BULLISH,I'm buying at market open, you should tooTechnically, DXY should retrace from here, range for sometimes, take out liquidity and then continue higher. My DXY post this year has a 99% accuracy. Dont take it lightly.
Now, Dxy had been following a downward trendline since the beginning of this year and I'm seeing a break out soon. Conservative
DXY ready for free fall?DXY at 99.39 strong liquidity grab then rejected back to the support level then following a head and shoulder, price completely has broker out of the support with CPI, it has finally managed break out of consolidation.
As the impulse has volume, we may see further drop to the monthly support 97.93
DXY Weekly ForecastDXY Weekly Forecast
- expect short term up move then dont miss the upcoming fall
- again as I said in previous forecast, in any case DXY has to come down to 96.000 level, believe it or not, that’s the target the algorithm aims for.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
US Dollar Index reached its highest quote on Sep 28, 2022 — 114.691 USD. See more data on the US Dollar Index chart.
The lowest ever quote of US Dollar Index is 72.700 USD. It was reached on May 4, 2011. See more data on the US Dollar Index chart.
US Dollar Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy US Dollar Index futures or funds or invest in its components.