DXY-Technical Analysis DAILY Timeframe 📊 DXY – Technical Analysis (1D Timeframe)
🔷 Overall Trend:
The Dollar Index (DXY) has been in a strong downtrend for several months, forming multiple confirmed Breaks of Structure (BOS) to the downside.
However, recent price action is showing signs of momentum loss and potential exhaustion from sellers near the current lows.
🟡 Market Structure:
Price recently formed a lower low, but momentum indicators are showing bullish divergence — suggesting the downward pressure is weakening.
A small bullish reversal candle has printed, indicating potential short-term buying interest.
There is no confirmed bullish CHoCH yet, but structure is starting to slow down and compress — signaling a possible shift.
📉 Indicators (RSI ):
RSI is rebounding from oversold territory, showing potential early reversal signals.
The confirms bullish divergence and shows fading bearish momentum.
Overall, sellers are showing reduced strength, increasing the chance of a corrective move to the upside.
🔹 Key Levels:
Immediate resistance zones:
🔹 97.23 and 97.73 — key levels to watch for bullish continuation.
Major support:
🔻 96.34 – 96.50 — current low area that if broken, will confirm further downside.
✅ Conclusion:
While DXY remains structurally bearish, the recent bullish divergence, loss of selling momentum, and RSI recovery suggest the potential for a short-term correction or bounce.
A confirmed CHoCH and break above 97.73 would signal a potential shift to bullish structure.
If price fails to break resistance and drops below 96.34, the bearish trend is likely to continue.
🟢 Scenario Table:
Scenario Trigger Implication
Bullish shift Break above 97.73 with CHoCH Potential trend reversal
Continuation bearish Break below 96.34 Downtrend continuation
Disclaimer: This analysis is for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asse
