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.*
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.