DXY UPMOVE SL below 96.218 with target of 100.842 to 101.749
U.S. Dollar Index forum
๏ปฟDXY UPMOVE SL below 96.218 with target of 100.842 to 101.749
DXY Signal: SELLEntry Zone: 98.020 โ 98.319 (FVG Selling Zone)
Stop Loss: 98.450 (above channel resistance)
Take Profit (Target): 96.568
๐ Strategies Used:
1. Trendline/Channel Strategy โ Price respects descending channel.
2. EMA 70 Strategy โ Price trading below EMA, showing bearish momentum.
3. Supply & Demand (FVG Zone) โ Strong supply at 98.0โ98.3.
4. Price Action โ Lower highs confirm bearish continuation.
โ Bias: Bearish
โ ๏ธ Manage risk with stop above 98.450.
DXY Entry (Buy): 97.850 โ 98.000Take Profit (TP): 98.737
Stop Loss (SL): 97.742
๐ฏ Signal Type: BUY
Risk/Reward Ratio (approx): 1:4
Trend Bias: Bullish as long as price stays above 97.742
โ If DXY breaks above 98.200 (resistance zone), momentum should strengthen toward the 98.737 target.
โ If price falls below 97.742, the signal is invalidated and may retest 97.600 support zone.
DXY ๐ U.S. Dollar Index (DXY) 4H Bearish Setup โ Rejection from Supply ZoneโDXY Bearish Reversal From Supply Zone โ Entry, Target & Stop-Loss Setupโ
๐ฏ Trade Setup Details:
๐ต Entry Zone (Sell/Short Entry):
99.083 โ 99.567 (Key Supply Zone)
๐ฏ Target Point:
97.116
โช๏ธ Potential drop of -1.875 points (-1.89%)
๐ Stop-Loss:
Above 99.567
โช๏ธ Ideal SL at ~99.700 to protect from breakout above the supply zone
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DXY DXY Bullish Retest Zone Forming for Breakout ๐๐ขTechnical Analysis:
๐น Structure:
The DXY (US Dollar Index) has formed a bullish flag pattern after a strong impulsive move upward, followed by a correction. The price broke out above the resistance zone (~99.50), but faced immediate rejection near the 100.50 level, creating a short-term pullback.
๐น Support Zone:
Key support is holding at 98.435, a historically reactive area. Price action shows signs of a potential retest pattern, suggesting bulls may reclaim control after a consolidation period in this zone (marked by the boxed range and bullish rejection wicks).
๐น Bullish Signals:
๐ข Higher lows highlighted by orange circles indicate a consistent upward trend.
๐ฉ Strong bullish candle on July 25โ29 broke structure and confirmed momentum shift.
โ Possible inverse head & shoulders forming in the consolidation range (black box).
๐น Target:
If buyers defend the support zone and reclaim bullish momentum, the projected target is around 100.879, aligning with previous resistance and measured move projection.
๐น Bearish Scenario:
If price fails to hold 98.435 support, further downside towards 97.50 could be expected.
Summary:
๐ Watch for a breakout from the current consolidation range. A confirmed bullish structure above 99.50 with volume could trigger a run toward 100.879. Risk management is key as the zone is still under test.
DXY ready for 98.3DXY reversal is here boomDXY calling a bottom herd ready for 100DXY extremely oversold now time to gi back up
DXY DXY Daily Analysis Based on Main Key Levels - April 29, 2025
Daily Current Market Price (DCMP): ๐น 99.138
๐ Key Technical Snapshot
Swing High: 100.164
Swing Low: 98.378
Above DCMP (Resistance): 99.149 (R1), 99.585 (R2), 100.164 (R3)
Below DCMP (Support): 98.378 (S1), 98.290 (S2), 97.902 (S3)
๐ Trade Setups
1๏ธโฃ Intraday Buy Trade
Entry: ๐ฏ 98.378 (Strong Support Zone)
Stop Loss: โ ๏ธ 97.902 (Support3)
Take Profit 1: ๐ฐ 98.869
Take Profit 2: ๐ 99.138 (DCMP)
Rationale: Price tests 61.8% Fibonacci retracement (98.378-100.164) with bullish RSI divergence.
2๏ธโฃ Intraday Sell Trade
Entry: ๐ฏ 99.149 (Key Resistance Cluster)
Stop Loss: โ ๏ธ 99.585 (Resistance2)
Take Profit 1: ๐ฐ 98.869
Take Profit 2: ๐ 98.378
Rationale: Bearish MACD crossover near 99.149-99.585 supply zone.