U.S. Dollar Index (DXY) Technical Analysis
Market Structure & Key Levels
- Current Price: 101.651.
- Demand Zone: 100.944 – Critical support level; potential reversal area.
- Target Area: 103.345 – Key resistance; potential upside target.
Market Outlook
- The price is approaching a strong demand zone, indicating a potential reversal.
- A bounce from this level could lead to a retest of the 103.345 target area.
- However, a breakdown below 100.944 may signal further bearish momentum.
- Moving averages show a bearish trend, but a short-term retracement is possible.
Price is approaching a strong demand zone, indicating a possible reversal. A bounce from this level could drive the price toward the target area, while a break below may signal further downside momentum. 📊🔥
📌 Traders should watch price action at the demand zone for confirmation of a reversal.
If you enjoy, press the like button.
Market Structure & Key Levels
- Current Price: 101.651.
- Demand Zone: 100.944 – Critical support level; potential reversal area.
- Target Area: 103.345 – Key resistance; potential upside target.
Market Outlook
- The price is approaching a strong demand zone, indicating a potential reversal.
- A bounce from this level could lead to a retest of the 103.345 target area.
- However, a breakdown below 100.944 may signal further bearish momentum.
- Moving averages show a bearish trend, but a short-term retracement is possible.
Price is approaching a strong demand zone, indicating a possible reversal. A bounce from this level could drive the price toward the target area, while a break below may signal further downside momentum. 📊🔥
📌 Traders should watch price action at the demand zone for confirmation of a reversal.
If you enjoy, press the like button.
Trade active
Trade was activated from 101.800Trade closed: target reached
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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.
💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
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.