Dollar Index (DXY): Key Levels to Watch 💵 Long

U.S. Dollar Currency IndexTVC

Description

⋅ Jan 27, 2023 11:30 AM

Here is my latest structure analysis for Dollar Index.

Support 1: 101.0 - 101.3 area
Support 2: 99.25 - 99.95 area
Support 3: 97.25 - 98.1 area

Resistance 1: 103.4 - 103.8 area
Resistance 2: 105.15 - 105.8 area

The market is slowing down after a strong bearish wave.
We will most likely see a pullback from Support 1.

Consider the underlined structure for pullback/breakout trading.

Comments

TradingView

⋅ Jan 27, 2023 3:30 PM

VasilyTrader

⋅ Jan 27, 2023 3:37 PM

@TradingView, thank you, TradingView!

Bortsie

⋅ Jan 30, 2023 11:04 AM

What do use to draw your support and resistance zones?

transparent-fx

⋅ Jan 28, 2023 6:51 AM

Very good work mate

basictradingtv

⋅ Jan 27, 2023 1:21 PM

thanks a lot!

Geniecool

⋅ Jan 28, 2023 11:47 AM

What a beautiful chart layout .... Clean.... Simple & Informative

similarTuna31284

⋅ Jan 30, 2023 2:12 AM

When the first tactical nuke is used in Ukraine how strong does the dollar go? 0.65 to the Euro?

mngFX

⋅ Jan 27, 2023 8:37 PM

Great analysis. Thanks for all you do for the community!

TheSignalyst

⋅ Jan 27, 2023 12:34 PM

I agree that demand zone from monthly is massive:

Trading-Capital

⋅ Jan 27, 2023 10:32 PM

@TheSignalyst, This level should be defended at the minimum for a technical bounce.