Analysis of the DXY (US Dollar Index) Chart Using Support, Resistance, and Projected Movements This is a 4-hour timeframe analysis for the US Dollar Index (DXY), highlighting critical support and resistance levels and potential price movements: Key Levels: Support Zone: A strong support zone is identified around 108.000 - 108.500. If the price retraces to this...
Main Support: The primary support zone is identified around 192.000 - 193.000. If the price reaches this zone and shows a positive reaction, a rebound to the upside is expected. Key Resistances: First resistance zone: Around 195.500 - 196.000. Second resistance zone: Around 197.500 - 198.000. A break above this zone may signal a stronger bullish movement.
Resistance Zone: The highlighted upper purple zone around 1.1070-1.1080 acts as a strong resistance level. The price has already tested this zone multiple times, showing signs of rejection. Support Zone: The lower purple zone near 1.1040-1.1045 serves as a key support level. It aligns with previous price action and has been tested several times.
On the NAS100 chart, the price has reached a key resistance zone (highlighted in purple) after a strong upward movement and is now facing selling pressure. This zone has acted as a significant support/resistance area multiple times in the past. Expectations: Based on this analysis, the price is currently in a corrective move and is likely to move toward the...