The U.S. Dollar Index is trading within a clear ascending channel showing a sustained bullish structure after forming a strong low near 97.87. Price respected the lower trendline and printed multiple CHoCH and BOS signals confirming a shift from bearish to bullish momentum. Currently DXY is consolidating around 98.62–98.65 holding above the key 0.382–0.5 Fibonacci retracement zone which acts as a strong demand area.
The recent pullback looks corrective targeting liquidity before continuation. As long as price holds above 98.20–98.30 the bias remains bullish with upside targets toward the weak high near 99.00–99.20 aligned with the -0.382 and -0.618 Fibonacci levels. A clean breakout above this zone could accelerate further upside while a breakdown below channel support would weaken the bullish outlook.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
The recent pullback looks corrective targeting liquidity before continuation. As long as price holds above 98.20–98.30 the bias remains bullish with upside targets toward the weak high near 99.00–99.20 aligned with the -0.382 and -0.618 Fibonacci levels. A clean breakout above this zone could accelerate further upside while a breakdown below channel support would weaken the bullish outlook.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.