DXY ( Doller Index ) I expect to see the dollar index begin to rise from these areas. The wave will take months, perhaps even two years, to reach the upward target
Dollarindex
DXY at a Critical Juncture — What’s the Fed’s Next MoveHey Guys,
I’ve put together a swing-style analysis for the DXY.
This one’s been highly requested — my followers are valuable to me, and I never turn them down.
DXY Daily Levels:
- Resistance: 100.606 – 99.837
- Support: 96.530 – 95.902
From a fundamental perspective, the U.S. Dollar Index is currently dropping due to Fed policies.
No steps are being taken to push the dollar higher.
Because of this, investors are choosing gold as a safe haven instead of buying dollars.
Gold keeps hitting new ATHs, and naturally, the dollar index is sliding.
Unless the Fed takes action to support the dollar, this decline will continue.
In short, the drop in the dollar is entirely due to the policies implemented by the Fed Chair.
Remember — DXY isn’t heavily influenced by technical analysis; it’s driven by Fed policy.
That said, since the index has fallen so much, I believe we might see some steps taken in the coming months to lift the dollar.
I’ll be sharing updates right here.📢
Once support or resistance levels are broken, I’ll post new insights immediately.
Every like from you is my biggest motivation to keep sharing these analyses.
Thanks to all my friends who support me — you’re the best. ❤️
DXY Is it finally time for the Dollar to shine?The U.S. Dollar index (DXY) has been trading within a Channel Up since the March 2008 bottom during the U.S. Housing Crisis. This pattern has been showing incredible symmetry, having clear correction phases (red Channels) followed by bullish phases, where the price rallied to the 1.618 Fibonacci extension.
Right now the price has almost hit the bottom of this multi-year Channel Up, while at the same time making a new (2nd) bottom for the 2nd Bearish Leg of the (red) correction phase.
With the 1M RSI having already touched its 16-year Support Zone, which has provided the most optimal Buy Signals throughout this pattern, we expect the Dollar Index to start rising aggressively in the long-term, targeting at lest 120.000 on its way to the 1.618 Fib ext.
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Dollar short-term BULLISH until proven otherwiseCAPITALCOM:DXY
After a deep liquidity sweep down to ~95.80 followed by a sharp buying response, a string of higher lows, and a higher high into the 97.39–97.78 area. Price is currently pausing just above the shaded Daily BPR.
That sequence (sweep → big rejection → higher low → higher high) is the technical basis for a bullish bias while price stays above the recent higher-low area.
Watching development for now...
DXY testing trend resistance after Powell comments
The dollar clawed back some ground after Jerome Powell’s latest remarks, but I’m not convinced this bounce has legs. With the Fed now leaning dovish, the bias still favours more downside unless we see consistent cracks in the jobs market to justify the two cuts priced in for 2025.
Powell reiterated on Tuesday that inflation risks are skewed higher while employment risks are tilted lower, adding: “Two-sided risks mean there is no risk-free path.” Translation: he’s keeping his options open ahead of the October meeting. Fed chatter will remain front and centre, with Mary Daly up later today, jobless claims tomorrow, and the key PCE inflation reading on Friday.
The dollar index is now testing resistance around 97.60–97.80 area — a confluence of the 21-day EMA, broken support, and a trendline. Until this area breaks, it’s hard to get bullish. The broader picture of lower highs and lows still screams corrective.
By Fawad Razaqzada, market analyst with FOREX.com
DXY – Post-Fed Cut: What’s Next for the Dollar?The Fed has cut rates — but the dollar didn’t flinch. No major reaction, which suggests the move was priced in.
I currently see two possible scenarios unfolding on DXY:
Scenario 1: Triangle Completed – More Downside Ahead
If we’ve finished a triangle correction, a break below 96.20 could confirm the move and open up downside toward $95–$92.
Chart:
Scenario 2: Ending Diagonal in Wave 5
Alternatively, the recent low may mark the end of a 5th wave diagonal, completing Wave 3 of the broader decline. If so, we could see choppy corrective action before any larger moves.
Chart:
Key level to watch: Break below $96.20
If price closes above $100.25 I will review the analysis as this may indicate the downward trend is complete.
DXY Dollar Heist: Can You Escape @100?🔥 DXY Dollar Index Bank Heist Plan (Swing Trade) 🔥
Asset: DXY Dollar Index 💵Plan: Bullish 📈Thief Trading Style: Layered Limit Order Strategy 🕵️♂️
🏦 The Heist Plan 🏦
Dear Thief OG's, Ladies & Gentlemen, get ready to pull off the ultimate DXY heist! 💰 We're using the Thief Layering Strategy to stack multiple limit orders and maximize our loot. Follow the plan, adjust to your risk, and let’s escape with the cash! 🚨
📈 Entry: The Break-In
Strategy: Deploy multiple buy limit orders to layer your entries like a master thief 🕴️. Suggested levels:
98.00 💸
98.20 💸
98.40 💸
98.60 💸
Flexibility: Add more layers based on your risk appetite or market conditions 📊.
Pro Tip: Set an alert on TradingView to catch the breakout or pullback at these levels 🚨.
🛑 Stop Loss: The Escape Route
Thief SL: Set at 97.50 to protect your stash 🛡️.
Risk Management: Adjust SL based on your lot size, risk tolerance, and number of layered entries ⚖️.
Warning: Don’t get caught! This is a high-stakes heist—stick to your risk plan 🔥.
🎯 Target: The Getaway
Police Barricade: Resistance at 100.30 🚓—watch out!
Our Target: Take profits at 100.00 to escape with the loot before the market traps you 🏃♂️💨.
🧠 Why This Heist?
The DXY is showing bullish momentum based on real-time market data 📡:
Macro Factors: Strong USD demand driven by economic indicators (check COT reports, geopolitics, and intermarket analysis) 🌍.
Technical Setup: Layered entries align with swing trade pullbacks and key support zones 📉.
Scalpers 👀: Stick to quick long-side trades with trailing SL to lock in profits 💰.
⚠️ Trading Alerts: Stay Sharp!
News Releases: Avoid new trades during high-impact news to dodge volatility traps 🚫.
Position Management: Use trailing stop-loss to secure your profits and stay safe 🛡️.
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Dollar Index Resistance & Support AnalysisDXY (U.S. Dollar Index) is trading around 97.71, holding within an upward channel after bouncing from the 97.00–97.10 support zone. The structure shows a series of higher highs and higher lows, indicating short-term bullish momentum. However, the chart also highlights a potential “strong high” area near 98.20–98.40, where resistance from both Fibonacci retracement levels and channel tops converge. If DXY fails to break above this resistance, a retracement toward 97.20–97.00 is likely, with further downside risk toward 96.80 if that support breaks.
Based on the current setup, short-term upside toward 98.20–98.40 is possible, but overall bias suggests a likely pullback (downside) after testing resistance, especially if momentum weakens near the channel top.
🔴 Sell Zone (Short Setup)
- Sell Zone (Resistance area): 98.20 – 98.40
- Sell Trigger: If price tests and rejects this zone with bearish candles (reversal signals).
🟢 Buy Zone (Long Setup)
- Buy Zone (Support area): 97.20 – 97.30
- Buy Trigger: If price holds above this zone and shows bullish reversal candles (hammer, engulfing, etc.).
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
DOLLAR INDEX DXY WEEKLY ANALYSISDXY is trading near 97.70, attempting a rebound from the 96.90–97.00 support zone (since last week), aligned with the 0.382 Fibonacci retracement.
Prices are facing a confluence of resistance including fib level 0.786 & middle Bollinger band near 97.70 towards approaching the falling trendline resistance around 98.00–98.10, which will be a key inflection level for direction.
RSI has bounced from near-oversold (45 zone) and is pointing higher, suggesting mild bullish momentum in the short term.
On the downside, a failure to hold 97.40 (fib level 0.618) could extend weakness toward 96.90, towards the falling trendline support.
This week’s heavy US data calendar (Powell’s speech, PMIs, GDP, PCE) could provide catalysts for a breakout move.
Overall, bias is neutral-to-bullish in the short term unless 97.40 - 97.00 zone is breached decisively.
U.S. Dollar Index (DXY) Weekly 2025Summary:
The U.S. Dollar Index (DXY) has corrected down to the key 38.60% Fibonacci retracement zone and is currently showing signs of a potential bullish reversal, bolstered by a clear hidden bullish divergence on the MACD. This may signal a renewed rally toward key upside targets, especially if the 93.3–99.9 support Zone holds.
Chart Context:
Current Price: 98.864
Key Fib Support: 38.60% @ 99.906, 48.60% @ 93.310, 61.80% @ 87.476
Support Zone: 93.3–99.9 USD
Hidden Bullish Divergence: Observed both in 2021 and now again in 2025 on the MACD
Trendline Support: Long-term ascending trendline holding since 2011
Fib Extension Targets (Trend-Based):
TP1: 115.000
TP2: 120.000
TP3: 126.666
Key Technical Observations:
Fibonacci Confluence: DXY is bouncing from a strong Fib cluster between 93.310 and 99.906, historically acting as a reversal zone.
Hidden Bullish Divergence: Suggests potential upside despite price weakness.
Downtrend Retest: Price may revisit 93.3–87.4 before confirming full reversal.
Breakout Pathway: Green dashed arrows outline the likely recovery trajectory toward 114–126 range.
Indicators:
MACD: Showing hidden bullish divergence and potential signal crossover.
Trendline Support: Holding intact from 2021 low.
Fib Levels: Used for retracement and trend-based extension.
Fundamental Context:
Interest Rate Outlook: If U.S. inflation remains controlled and Fed signals future hikes or sustained high rates, DXY strength may persist.
Global Liquidity & Recession Risk: If risk aversion returns, the dollar may rise as a safe haven.
Geopolitical Risks: Conflicts, trade tensions, or BRICS dedollarization efforts may create volatility.
Our Recent research suggests the Fed may maintain higher-for-longer rates due to resilient labor markets and sticky core inflation. This supports bullish USD bias unless macro shifts rapidly.
Why DXY Could Continue Strengthening:
Robust U.S. economic performance & monetary policy divergence
U.S. GDP growth (~2.7% in 2024) outpaces developed peers (~1.7%), supporting stronger USD
The Fed maintains restrictive rates (4.25–4.50%), while the ECB pivots to easing, widening the policy and yield gap .
Inflation resilience and Fed hawkishness
Labor markets remain tight, keeping inflation “sticky” and delaying expected rate cuts; market-implied cuts for 2025 have been pushed into 2026
Fed officials (e.g. Kugler) emphasize ongoing tariff-driven inflation, suggesting rates will stay elevated.
Safe-haven and yield-seeking capital flows
With global risks, capital favors USD-denominated assets for yield and stability
Why the Dollar Might Face Headwinds
Fiscal expansion & trade uncertainty
Ballooning U.S. deficits (~$3.3 trn new debt) and erratic tariff policy undermine confidence in USD
Wall Street’s consensus bearish position.
Major banks largely expect a weaker dollar through 2025–26. However, this crowded bearish sentiment poses a risk of a sharp rebound if data surprises occur
barons
Tariff policy risks
Trump's new tariffs could dampen dollar demand—yet if perceived as fiscal stimulus, they could unexpectedly buoy the USD .
Synthesis for Our Biases
A bullish DXY thesis is well-supported by:
Economic and policy divergence (U.S. growth + Fed vs. peers).
Hawkish Fed commentary and sticky inflation.
Safe-haven capital inflows.
Conversely, risks include:
Deteriorating fiscal/trade dynamics.
Potential Fed pivot once inflation shows clear decline.
A consensus that could trigger a short squeeze or reversal if overstretched.
Philosophical / Narrative View:
The dollar remains the world’s dominant reserve currency. Periodic dips often act as strategic re-accumulation phases for institutional capital—especially during global macro uncertainty. A return toward 120+ reflects this persistent demand for USD liquidity and safety.
Bias & Strategy Implication:
1. Primary Bias: Bullish, contingent on support at 93.3–99.9 holding.
2. Risk Scenario: Breakdown below 93.3 invalidates bullish thesis and targets 87.4–80 zones.
Impact on Crypto & Gold and its Correlation and Scenarios:
Historically, DXY has had an inverse correlation to both gold and crypto markets. When DXY strengthens, liquidity tends to rotate into dollar-denominated assets and away from risk-on trades like crypto and gold. When DXY weakens, it typically acts as a tailwind for both Bitcoin and gold.
Correlation Coefficients:
DXY vs. Gold: ≈ -0.85 (strong inverse correlation)
DXY vs. TOTAL (crypto market cap): ≈ -0.72 (moderate to strong inverse correlation)
Scenario 1: DXY Rallies toward 115–126 then, Expect gold to correct or stagnate, especially if yields rise. Crypto likely to pull back or remain suppressed unless specific bullish catalysts emerge (e.g., ETF flows or tech adoption).
Scenario 2: DXY ranges between 93–105 then Gold may consolidate or form bullish continuation patterns. Then Crypto may see selective strength, particularly altcoins, if BTC.D declines.
Scenario 3: DXY falls below 93 and toward 87 Then Gold likely to rally, possibly challenging all-time highs. Crypto could enter a major bull run, led by Bitcoin and followed by altcoins, fueled by increased liquidity and lower opportunity cost of holding non-USD assets.
Understanding DXY’s direction provides valuable insight for portfolio positioning in macro-sensitive assets.
Notes & Disclaimers:
This analysis reflects a technical interpretation of the DXY index and is not financial advice. Market conditions may change based on unexpected macroeconomic events, Fed policy, or geopolitical developments.
$DXY breaking down. Next level to watch 95. Year-end lows @ 90.Even if the Fed cutting cycle has just started, we are seeing major weakness in the TVC:DXY index prior to the easing cycle. It is quiet peculiar the bottom to top of the Fed hiking cycle matches exactly to the DXY index Cycle bottom in 2021 to cycle top to September 2022. With a drop in the Fed fund rate from 5.34% to 4.34%, which is close to 18%, and the DXY has also lost almost 17%. If the expectation is that there will be another 0.25% rate cut over the next few months which will takt the Fed fund rates to 4.09%, which is 23% from the recent highs of 5.34%. And surprisingly if we plot 23% lower from the ATH on the TVC:DXY Index then the index should reach 90 by the end of the year.
Verdict: With Fed rate lowering cycle ongoing the TVC:DXY index will lose more strength. 95 remains our short-term target and TVC:DXY to reach 90 by year end.
DXY is setting for another dropPre FOMC move on DXY bearish as with 0.25% to 0.5% rate cut decision as significantly impacted dollar index which on press conference, price finally rejected from the lower level 96.20
As with the weekly close coming in few hours, price approaching another key level of resistance, weekly and monthly giving a high probablity to reject back again to the support level as the resistance consist of 3 higher timeframe confulences, monty and weekly resistance alogn with weekly 10ema combining with break of series of lower highs and break of the combinations could lead the price to drop to the support. at 96.20
USD Index Technical Outlook – Key Buy & Sell LevelsThe U.S. Dollar Index (DXY) is currently trading inside a clear downward channel, showing a bearish market structure. Price is hovering near 98.23, just below the key resistance zone between 98.5 – 99.2, where Fibonacci retracement levels (0.382, 0.5, and 0.618) also align, making it a strong supply area. As long as price remains below this zone, the bias stays bearish, with potential downside targets at 97.5 and then 96.5, in line with the channel support and Fibonacci extensions. However, if buyers manage to push above 99.2, it would signal a possible trend reversal and shift the outlook towards bullish continuation. Overall, the structure suggests that the U.S. Dollar Index is more likely to face rejection near resistance and continue lower in the short term.
🔴 Sell Zone (Short Setup)
- 98.50 – 99.20 is a strong resistance area where price aligns with the Fibonacci retracement (0.382 – 0.618) and the upper channel trendline.
- Sell Trigger: If price shows rejection (bearish candles, wicks, or reversal patterns) within this zone.
🟢 Buy Zone (Long Setup)
- 97.50 – 96.50 area is the channel support and also near Fibonacci extension levels.
- Buy Trigger: Look for bullish confirmation (bounce, bullish engulfing, or rejection wicks).
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
EURUSD: Exhausting Uptrend Around 1.1930-1.2400The EUR/USD pair shows signs of losing momentum on the chart, which is expected as it is currently in the final (5th) wave of a larger wave C or 3.
The RSI indicates a second consecutive bearish divergence, but the uptrend could continue for a while. The price is likely to reach at least 1.1930, which is the level where wave C equals wave A, for symmetry.
The blue box highlights the target area based on the Fibonacci sequence. It starts at 1.1930 and peaks around 1.2400, where wave 5 of wave C is projected to cover 61.8% of the distance from wave 1 to wave 3.
We’re not predicting the reversal point yet; we’ll let the market reveal it in due time.
Wishing us all lucky trades!
BEARISH CONTINUATION FOR DXYBearish Bias for CAPITALCOM:DXY
Weekly context:
The last up-move failed to print a new weekly high. Failing to create a shift in structure , so rallies are suspect.
4H structure:
We had a hard bearish displacement (large down candles) that erased prior price action and kept going without delivering a “full” rebalance. That usually means the price target remains lower .
The key zones on chart
Breaker / sell zone: \~ 97.45–97.75 (teal box). This is the prior bullish OB that failed (now acting as resistance).
Line in the sand: \~ 97.35–97.40 (dashed line through the teal). A decisive 4H close below here signals continuation.
Upside cap / invalidation area: 98.12 (cyan line) up to \~ 98.20 . Above this, the bearish sentiment weakens.
Primary downside draw: 96.478 (orange line). That’s the next obvious liquidity/inefficiency magnet on your chart.
Trade plan
Idea A — Rejection short from the breaker (preferred):
Entry: look for a rejection setup inside 97.45–97.75 (e.g., 15m/1h bearish shift after a sweep).
Stop: above the breaker and the cyan line ⇒ 98.12 (conservative) or 98.20 (safer).
Targets:
T1: 96.84 (take partials; pay yourself)
T2: 96.47.00
Idea B — Continuation after the break (confirmation play):
Trigger: a 4H close below \~97.35 .
Entry: sell the first clean pullback into 97.35–97.45 .
Stop: above 97.85–98.00 (back inside the breaker); conservative stop 98.12 .
Target: 96.478
Management & invalidation
If price rebalances deeper and closes 4H above 98.12–98.20 , the breaker is failing. Flatten shorts; reassess (potential squeeze toward 98.60–99.00 is then on deck).
If price hesitates at 97.00 , trail above the last 1H swing high to protect realized PnL while aiming for 96.478 .
News risk: Your chart flags upcoming US data (icons). Expect wicks; use hard stops and consider sizing down around releases.
Why this makes sense
* The strong displacement leg sets the draw lower.
* The teal box is a bearish breaker created by a failed bullish structure—ideal for “sell on rally.”
* The market rebalanced the prior up-close leg already; the lack of a symmetrical rebalance on the down-leg favors continuation to the next target ( 96.478 ).
One-liner: Bearish while 4H stays under 98.12 ; sell rallies into 97.45–97.75 or sell a 4H close-and-pullback below 97.35 ; scale out 97.20 → 97.00 → 96.80 → 96.478 ; hard stop above 98.12–98.20 .
*Not financial advice. Size appropriately and stick to your stop.*
PLEASE PUA!
Dollar Index (DXY) – Watching Both Sides LiquidityOn the daily timeframe, we can clearly identify liquidity resting on both sides of the chart:
Relative equal lows acting as sell-side liquidity.
Low-resistance highs representing buy-side liquidity.
From my perspective, the main draw on liquidity remains the sell-side lows. However, before targeting that area, price may first reach higher to grab the buy-side liquidity. Once this liquidity is collected, I expect a potential shift in momentum and a move to the downside.
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XAUUSD 1hr | Gold - Bears are Coming !!Bearish Overview
Gold is entering a period of consolidation (sideways price action) and is currently positioned in the lower area of this consolidation zone. Watch how gold reacts on Sunday and Monday as we approach strong support. Gold looks to find more liquidity towards the lower lows. Gold is technically breaking down from a small 1 hr wedge (Labeled), which could drop the price closer to support and bearish territory.
Prices to look at:
3615
3600, If gold breaks below, look to sell to 3570-3580
Remember:
Gold is bullish! GOLD hit the DAILY breakout target in 2 weeks. Look to go long around support. Any bullish sign in this zone could lead to a bounce back up to the ATH
Head and Shoulders Pattern on U.S. Dollar Index (DXY) – Bearish Overview of the Idea (as shown in the chart)
The chart illustrates a Head and Shoulders (H&S) reversal pattern forming on the U.S. Dollar Index (DXY). This classical technical pattern signals a potential trend reversal from bullish to bearish.
Left Shoulder: The first peak followed by a pullback.
Head: A higher peak, forming the top of the pattern.
Right Shoulder: A lower peak compared to the head, roughly equal to the left shoulder.
Neckline: A support line connecting the lows between the shoulders. Once broken, it indicates potential bearish continuation.
The chart highlights:
A breakout below the neckline.
A retest of the neckline (common in H&S setups, where old support becomes resistance).
A projected downside target aligned with the height of the head-to-neckline move.
Detailed Analysis
1. Pattern Identification
The H&S is clear: higher high (Head) flanked by two lower highs (Shoulders).
The neckline is slightly ascending, but once broken, it signals sellers stepping in.
2. Breakout Confirmation
Price broke below the neckline, confirming the bearish pattern.
The retest at ~97.62 shows rejection, strengthening the bearish outlook.
3. Bearish Projection
Technical rule: the expected downside target is approximately equal to the distance from the head to the neckline, projected downwards from the breakout point.
The chart projects a move toward 97.25, which aligns with the marked support zone.
Timing
The projection points to Monday, 15/09/25, suggesting this bearish move may unfold in the upcoming trading sessions.
Walkthrough Thought Process
Think of the market like a battle between buyers and sellers:
The buyers pushed price higher (Head), but then failed to sustain strength at the right shoulder.
When price breaks the neckline, it shows sellers are gaining control.
The retest confirms that what was once support (neckline) has now become resistance.
This setup gives traders confidence to enter a short (sell) trade, targeting the projected downside.
Trade Idea
Entry : After retest rejection around 97.62.
Target (TP) : 97.25 (support zone based on H&S projection).
Stop Loss (SL) : Above the right shoulder at 97.80 (to protect if pattern fails).
DXY at Major Support – Dollar Ready to Rebound?Today, I want to analyze the DXY index ( TVC:DXY ) for you. First, I must say that this week, US indexes can have an impact on the DXY index trend .
US indexes to be released this week:
Core PPI m/m: Tomorrow
PPI m/m: Tomorrow
Core CPI m/m: Thursday
CPI m/m: Thursday
CPI y/y: Thursday
Unemployment Claims: Thursday
Prelim UoM Consumer Sentiment: Friday
Prelim UoM Inflation Expectations: Friday
The DXY Index is currently moving near the Support zone($97.989-$97.834) , Yearly Support(2) , and the lower line of the descending channel .
In terms of Elliott Wave theory , it seems that the DXY index has managed to complete microwave 5 of the main wave C . The corrective structure is of the Zigzag Correction(ABC/5-3-5) type.
Also, we can see the Regular Divergence (RD+) between consecutive valleys .
I expect the DXY index to rise to at least $98.07(First Target) before the US indexes are announced.
Second Target: $98.56
Stop Loss(SL): $96.997
Note: With the DXY index rising, we can expect a correction in Gold( OANDA:XAUUSD ), Bitcoin( BINANCE:BTCUSDT ), and major Forex pairs (dollar strength).
Please respect each other's ideas and express them politely if you agree or disagree.
U.S. Dollar Index Analyze (DXYUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Brief Analysis of US DXYDXY is trading around 97.70, while trending within a descending channel formation, and holding above 97.60 (Fib support 0.236), with resistance seen near 97.80–98.00 zone.
The RSI is rising and holding near 46, showing mild recovery momentum but not yet strong enough for a breakout.
However, prices have taken a support at the middle Bollinger band, which might lift the dollar a little higher.
Price action suggests consolidation inside the descending channel; intraday bias stays neutral-to-bullish above 97.60.
PPI data stronger than expected could lift DXY toward 98.35–98.50, while weaker data may pressure it back toward 97.30.
The 10Y auction outcome will also guide direction — higher yields can support the dollar, while softer demand may weigh on it.
U.S. Dollar Index (DXY) Outlook | Gold (XAU/USD) Correlation📈 U.S. Dollar Index (DXY) at Key Support | 🪙 Gold at Record Highs
🔎 Quick Summary:
• DXY holding 97.70 support inside a descending channel.
• A rebound could push it back toward 98.25 – 98.50.
• Meanwhile, Gold is sitting near $3,600/oz, at all-time highs, fueled by safe-haven demand and central bank buying.
• The DXY’s next move will help decide if Gold keeps climbing or pauses.
⸻
💵 U.S. Dollar Index (DXY) Outlook
On the 4H chart, the Dollar Index remains inside a descending channel. It has been forming lower highs and lower lows, yet the 97.70 level has repeatedly held as strong support.
• 🔹 Buyers are defending this zone, showing demand.
• 🔹 A rebound could take price back to the 98.25 – 98.50 supply zone.
• 🔹 A breakout above 98.50 would be significant, opening room toward 99.00+.
This makes the 97.70 region a critical turning point for DXY.
⸻
🪙 Gold (XAU/USD) Context
Gold is trading at record highs around $3,600/oz 🚀 — a level never seen before.
• 🌍 Central banks continue to accumulate gold aggressively.
• 🏦 Expectations of Fed rate cuts reduce the opportunity cost of holding gold.
• ⚖️ Persistent economic and geopolitical uncertainty is fueling safe-haven demand.
Correlation with DXY:
• 📉 If the Dollar rebounds, Gold could slow down or consolidate after its massive rally.
• 📈 If the Dollar breaks below support, Gold could see further upside, possibly testing higher targets near $3,700/oz and beyond.
⸻
📊 Conclusion
The Dollar Index is sitting at make-or-break support. A bounce would show Dollar strength and may cool off Gold’s rally. But if DXY weakens further, Gold could extend its surge into new record territory.
At this point, Gold remains the undisputed leader in the market, with DXY’s next move likely deciding how fast momentum continues.
⸻
⚡ Summary in one line:
💵 DXY at critical support — 🪙 Gold shining at record highs, waiting for the Dollar’s next move.
Is the DXY Poised for a Breakout?Analyzing the Bullish PotentialThe DXY (US Dollar Index) appears to be on the verge of a significant upward rally. Last week, I shared my analysis highlighting a potential trigger point for a long entry, which the price subsequently surpassed, confirming the setup. According to the latest COT reports, commercial traders have reached their highest net positions of 2023. Historically, whenever commercials hit new highs, it often signals the beginning of a bullish trend in the DXY.
Additionally, we observe that many currencies measured against the dollar have weakened recently, supporting my thesis of a continued upward move for the DXY. Seasonal patterns also point toward a potential bullish phase.
Is this the moment for the DXY to initiate a strong bullish trend? Only time will tell, but the technical and fundamental signals are aligning in favor of a possible rally.
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DXY Dollar Index NFP monday journal Forecast Crystal Clear to me Dollar will keep getting stronger till NFP on friday, reversal level should be around 99/ 99.25 then big drop towards 92.50
Thats a Big drop don't miss it
GG
