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DXY at a Critical Level – Reversal or Continuation?Welcome back, guys! I’m Skeptic, and let’s break down the DXY. If you’ve been following my previous analysis, I mentioned that we are currently in a secondary downtrend, and that still holds true. However, it’s wise to gradually reduce risk and secure profits earlier for two key reasons: 1️⃣ We are approaching a critical support zone – the 60% Fibonacci retracement, which aligns with multiple key support levels. 2️⃣ The weekly candle structure – Looking at the weekly chart, we’ve already hit the four-week pivot point, meaning the market could either range here or even start a price reversal. Interesting stat: So far, this weekly candle is the largest since November 202 2 and the second-largest since March 2020, which signals significant market movement. 4H Timeframe Breakdown In my last analysis, I mentioned: 🚨 The main short trigger is at 106.188, but depending on momentum, we could potentially enter even earlier on lower timeframes. Now, 104.250 has already been broken, and the next key support sits at 103.398. 🔹 If you’re holding short positions, this 103.398 level is a great zone to secure profits. 🔹 No new triggers for now – I don’t expect immediate continuation, and as mentioned, we could see a range formation or even a reversal from here. Let’s see how price action develops. See you in the next analysis! 🔥📉
TVC:DXY
by SkepticWise
1
USD index $DXY to 100In this blog space we have discussed the FX:EURUSD and TVC:DXY index on 9th Feb. We said it looks like the FX:EURUSD is forming a local bottom, and the chart was showing lot of resilience. And we said that the next stop on FX:EURUSD will be 1.062 which it has recently surpassed. We also prophesized that because 60% of the TVC:DXY is EUR we might see more weakness in USD. And now we see the TVC:DXY is below its 0.612 Fib retracement level @ 105. In the short term it is heading to 0.5 in the short term @ 102. We have seen that the index always bounced back when TVC:DXY is @ the psychological level of 100. If the TVC:DXY breaks below the support level @ 100 then it might go to 99 and eventually to 95. But this USD weakness is not bringing any good news to the Stocks and Crypto. We have to wait until we see a final capitulation in $DXY. If TVC:DXY goes to 95 then FX:EURUSD above 1.15.
TVC:DXYShort
by RabishankarBiswal
US Dollar Is Falling ImpulsivelyTrump tariffs and trade wars continue to dominate the market, and we have seen a strong sell-off in the US dollar recently. This reinforces the idea that the US may not win this battle easily, as some other countries have already responded and are trying to hit back. So it’s not a surprise that in this uncertainty stocks are also in a consolidation, but approaching a potential support. Finally the USD is coming down, now breaking some key support at 106 which is an important indication for a resumption of a downtrend, especially if we consider that the current sell-off is sharp and can be third of a third wave. So, a bearish trend can stay in play for much lower levels, mainly because Tariffs are delayed again, until April 2nd. Markets are stabilizing and recovering, while USDollar - DXY remains under bearish pressure with space for more weakness. Risk-On sentiment back?
CAPITALCOM:DXYShort
by ew-forecast
DXY Starts the Bearish Trend!DXY Starts the Bearish Trend! Yesterday, the DXY made a clear breakout on the daily chart from a strong structure zone located near 106.20. Since that moment, the DXY hasn't paused, leading to a weakening USD. Even if the DXY corrects, it is expected to be short-term. The DXY may test the 105.7 - 106.20 range as a maximum before a more significant bearish wave occurs. The U.S. dollar dropped to a near three-month low against major peers on Wednesday, following the latest round of U.S. tariffs and countermeasures from Canada and China, which stoked fears of an escalating trade war. Fears about weaker U.S. and global economic activity are driving the sell-off. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:DXYShort
by KlejdiCuni
6
DXY Will Grow! Long! Take a look at our analysis for DXY. Time Frame: 17h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.192. Taking into consideration the structure & trend analysis, I believe that the market will reach 106.217 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
DeGRAM | DXY retest of channel boundaryThe DXY is in an ascending channel between trend lines. The price has approached the lower boundary of the channel and the support level coinciding with the 62% retracement level, but has not yet reached the lower trend line. On the 4H Timeframe, the indicators are in the oversold zone and on the 1H they have formed a bullish convergence. We expect a rebound. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
3
DXY looking for a final push higher before collapse.The U.S. Dollar index (DXY) has been on a strong decline recently, having even broken below its 1W MA50 (blue trend-line). The multi-year trend is however bullish, a Channel Up pattern since the 2008 market bottom. With the use of the time Cycles tool, we can estimate when the next Bullish Leg starts, and that's not before 2027. Based on the previous Channel Up corrections (red Channels) we should be expecting one final push towards Resistance 1, before a long-term decline and completion of the Bearish Leg. As a result, as long as the 1W MA200 (orange trend-line) holds, we can take a low risk buy and target the 112.000 - 114.000 Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYLong
by TradingShot
3
U.S. Dollar Index (DXY) Analysis – Weekly ChartThis chart of the U.S. Dollar Index (DXY) shows a potential Elliott Wave correction (A-B-C) pattern with Fibonacci retracement levels. Key Observations: Fibonacci Retracement Levels: 0.618 (109.846): Price touched this key retracement level before reversing downward. 0.5 (107.235): Also acted as a resistance zone. 0.236 (101.394): Possible short-term support level. Elliott Wave A-B-C Structure: Wave A: The initial decline from the peak. Wave B: The corrective upward move (retraced to the 0.618 level). Wave C: Expected further downside movement. Moving Averages (MA): The 105.08 MA was recently broken, signaling a possible trend shift downward. The 102.28 MA could act as a short-term support level. Bearish Scenario: If the C wave completes, the price could drop toward 96.172 or even lower. Confirmation of a breakdown below 102.28 would increase bearish momentum. Trade Plan (Bearish Bias): Entry: Short position if price breaks below 102.28. Stop Loss: Above the recent high (~109.85). Target Levels: 101.39 (0.236 Fib level) 96.17 (Full retracement) Conclusion: The DXY is showing bearish signs, having rejected the 0.618 Fib level and breaking key support zones. If the Elliott Wave pattern plays out, we could see further downside toward the 96–98 range. A confirmed move below 102.28 will validate a stronger bearish move.
TVC:DXYShort
by GoodTarget
Elliott Wave View Dollar Index (DXY) Nesting Impulsively LowerShort Term Elliott Wave View in Dollar Index (DXY) suggests the decline from 1.13.2025 peak is taking the form of an impulse with extension (nesting). Down from there, wave 1 ended at 106.97 and rally in wave 2 ended at 109.88. The ETF extended lower in wave 3 which is unfolding in 5 waves in lesser degree. Down from wave 2, wave ((i)) ended at 106.12 as the 1 hour chart below shows. Rally in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Up from wave ((i)), wave (a) ended at 106.79 and pullback in wave (b) ended at 106.16. Rally in wave (c) ended at 107.65 which completed wave ((ii)) in higher degree. The ETF extended lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 105.87 and wave (ii) rally ended at 106.38. The ETF extended lower in wave (iii). Expect wave (iv) rally to fail for further downside to complete wave (v) of ((iii)). Potential target lower is 100% – 161.8% Fibonacci extension of wave ((i)). This area comes at 101.59 – 103.9 where wave (v) of ((iii)) should end. Near term, as far as pivot at 107.65 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
TVC:DXY
by Elliottwave-Forecast