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.*
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.