After breaking below the key psychological level at 100 and making a low just under 98, the Dollar Index ( 
DXY ) has entered a consolidation phase.
Over the past three weeks, price has developed an inverted head and shoulders pattern, with the neckline perfectly aligning with the horizontal resistance at 100 — a strong zone of confluence from both a technical and psychological standpoint.
Despite the current hesitation under resistance, the structure suggests bullish potential. I believe we are approaching a breakout above 100, and once that happens, an acceleration to the upside is likely to follow.
🎯 Target: 102
🔒 Invalidation: A break below 98 would cancel the bullish bias.
As long as the price stays above the 98 area, I remain bullish and expect the dollar to strengthen.
🚀 The breakout hasn’t happened yet — but the pressure is building.
DXY ) has entered a consolidation phase. Over the past three weeks, price has developed an inverted head and shoulders pattern, with the neckline perfectly aligning with the horizontal resistance at 100 — a strong zone of confluence from both a technical and psychological standpoint.
Despite the current hesitation under resistance, the structure suggests bullish potential. I believe we are approaching a breakout above 100, and once that happens, an acceleration to the upside is likely to follow.
🎯 Target: 102
🔒 Invalidation: A break below 98 would cancel the bullish bias.
As long as the price stays above the 98 area, I remain bullish and expect the dollar to strengthen.
🚀 The breakout hasn’t happened yet — but the pressure is building.
Trade ativo
DXY, broke above 100, as expected102 target in focus
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.