US DOLLAR INDEX(DXY): Classic Bearish SetupI believe that 📉DOLLAR INDEX has a potential to continue falling.
The market has been consolidating in a wide intraday horizontal range, and the breakout below the range support is a significant bearish indicator.
Target levels are 98.08 then 97.80 support.
Stuck in the Zone: DXY Tests Balance Between 98 and 99Hello Traders,
After a sharp and uninterrupted decline in the DXY, price found support at the 97.921 level. Sellers then regained control from the weekly bearish Fair Value Gap (W-FVG), pushing price back into the 99 zone.
In this zone, neither sellers nor buyers have managed to assert dominance—s
Index/US) Bearish trend analysis Read The caption)SMC trading point update
Technical analysis of U.S. Dollar Index (DXY) on the 30-minute timeframe, with the price respecting a clear downtrend and repeatedly rejecting a resistance zone near the 200 EMA.
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Analysis Breakdown
Key Technical Elements:
1. Downtrend Structure:
The price rema
DXY Ready to Reload? Eyes on 99.100 as Tariff Tensions Ease!!Hey Traders, In tomorrow's trading session, we're closely monitoring the DXY for a potential buying opportunity around the 99.100 zone. After trending lower for a while, the dollar index has successfully broken out of its downtrend and is now entering a corrective phase.
We’re watching the 99.100 s
DXY ready for free fall?DXY at 99.39 strong liquidity grab then rejected back to the support level then following a head and shoulder, price completely has broker out of the support with CPI, it has finally managed break out of consolidation.
As the impulse has volume, we may see further drop to the monthly support 97.93
Reversal pattern on DXYPrice entered into the 12 months Fair value gap the second time and took out the old low there. This is called stop hunt, which is particularly significant because it happened inside a Higher timeframe Fair value gap. After this stop hunt came an invalidation of a Fair value gap (BISI). This price s
Bullish bounce?US Dollar Index (DXY) has bounced off the pivot which lines up with the 50% Fibonacci retracement and could rise to the 1st resistance.
Pivot: 98.91
1st Support: 98.36
1st Resistance: 99.60
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
US Dollar Index reached its highest quote on Sep 28, 2022 — 114.680 USD. See more data on the US Dollar Index chart.
The lowest ever quote of US Dollar Index is 88.143 USD. It was reached on Feb 16, 2018. See more data on the US Dollar Index chart.
US Dollar Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy US Dollar Index futures or funds or invest in its components.