DXY - 4H Bearish Signs

has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level.

However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many expect the index to break through 110 easily, I anticipate price swings around the 109-110 range, and even the possibility of a deeper pullback before resuming its upward trend.

With the NFP data release today, we might see increased volatility, offering opportunities for a potential DXY decline before any further rise. Stay alert for sharp market moves! 📉

Trade active

As I anticipated, the DXY index couldn’t pass the 110 level and reversed from that zone! 📉
Following this analysis, we took precise buy positions on EURUSD and GBPUSD, securing hundreds of pips profit. 🚀

🎯 Don’t miss more opportunities—follow us for top-notch analysis and trades! 🔥📊

Note

🎯 DXY - Perfect Reaction at 110! 🎯
As expected, the 110 level acted as a strong resistance, with the Dollar Index (DXY) respecting this key zone and failing to break higher. Our previous analysis highlighted the hesitation in the third major bullish leg, signaling the potential for a pullback—and that’s exactly what played out!

🔹 Key Takeaways:
110 remains a critical resistance zone, with price rejecting near this level.
No confirmed breakout yet, as DXY continues to oscillate under resistance.
Price action suggests further consolidation or a potential retest before the next major move.

💡 Congratulations to those who followed the analysis! The market once again respected our predicted levels.
📊 Stay ahead

Trade closed: target reached

DXY - 4H Update 🎯

Who could have highlighted this key resistance zone better than our team?

The DXY Index reacted perfectly to the 110 zone, rejecting clearly from that critical resistance level, just as we anticipated. This precise market reaction is a testament to the power of technical analysis and strategic foresight.

Although the decline may extend further toward the 105 zone, I want to extend my congratulations to everyone who followed our insights and capitalized on this move. Those who took positions on USD pairs likely secured solid profits during this drop.

Stay tuned for more updates and keep an eye out for potential reversal signs as we continue to monitor market movements! 🚀

Sober_Trading

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