DXY — Updated Direction 🔄
Current price: ~98.91
The bearish move has continued as expected, with DXY now trading inside the 98.60–98.95 demand zone. However, the structure here is starting to look like a potential A-B-C corrective completion.
My focus is now shifting toward a bullish reaction from this demand area.
🟢 Key demand: 98.60–98.95
First resistance: 99.35–99.45
🎯 Next target: 100.00–100.10
🎯 Liquidity/extension: ~100.10+
The preferred path is:
98.6–98.9 demand → bullish reaction → 99.4
A sustained break below 98.60 would invalidate the immediate bullish reaction scenario and suggest the downside structure is still active.
Bottom line:
> DXY → Watching for a bullish reversal from demand.
> This is an important area for the dollar, and consequently could influence the next moves on EURUSD & GBPUSD.
*Technical analysis only. Not financial advice. Trade your own plan and manage your risk.*
Current price: ~98.91
The bearish move has continued as expected, with DXY now trading inside the 98.60–98.95 demand zone. However, the structure here is starting to look like a potential A-B-C corrective completion.
My focus is now shifting toward a bullish reaction from this demand area.
🟢 Key demand: 98.60–98.95
First resistance: 99.35–99.45
🎯 Next target: 100.00–100.10
🎯 Liquidity/extension: ~100.10+
The preferred path is:
98.6–98.9 demand → bullish reaction → 99.4
A sustained break below 98.60 would invalidate the immediate bullish reaction scenario and suggest the downside structure is still active.
Bottom line:
> DXY → Watching for a bullish reversal from demand.
> This is an important area for the dollar, and consequently could influence the next moves on EURUSD & GBPUSD.
*Technical analysis only. Not financial advice. Trade your own plan and manage your risk.*
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.