DXY Entry: Near 98.00–98.30 support rangeStop Loss: Below 97.75
Take Profit: 99.50 – 100.20
US Dollar Index CFD (USD) forum
DXY Entry: Near 98.00–98.30 support rangeStop Loss: Below 97.75
Take Profit: 99.50 – 100.20
DXY Here’s the English description of the two scenarios in your chart:Scenario 1 (Green Path):
Price drops from the current level (~98.26) towards the demand zone around 97.50–97.60, finds support, and then rallies sharply, breaking above the 98.80–99.00 resistance zone and continuing higher toward the 100.20–100.40 level.
Scenario 2 (Orange Path):
Price first pushes upward toward the 98.80–99.00 supply zone, faces rejection, then falls sharply to the demand zone around 97.50–97.60, before reversing and rallying strongly toward the 100.20–100.40 target.
USDX worknation7It's in my interpretation that we are failing to close below lows and are using the bearish candles as support in this range. I'm not opposed to seeing bearish candles print but it seems we have not swept the CRT high necessary, wouldn't you say?
This -FVG (balanced) is holding price down pretty well so far though. It seems you believe this will continue according to the impending distribution after accumulating enough orders?
USDX currently dxy is consolidating in discount zone, also I can see swing low formed in daily chart, expecting upward movement early next week at least
DXYI think dxy will rebound in the next week,, I see a corective bullish wave, and I see in the 1D Chart make a bullish engulfing,, lets see
poor DXY, even after tariffs resumed still in the dumps?
how does this align with global dollar dominance? 🤔
DXY, even after tariffs resumed still in the dumps?how does this align with global dollar dominance? 🤔
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