# DXY (US Dollar Index) Technical Analysis & Forecast# DXY (US Dollar Index) Technical Analysis & Forecast
**Base Price:** 97.839 (August 16, 2025 - 12:55 AM)
## Executive Summary
The DXY at 97.839 shows the USD in a consolidation phase near key technical levels. Multiple analytical frameworks converge around critical support/resistance zones, suggesting an imminent directional breakout within the next trading sessions.
## Japanese Candlestick Analysis
### Intraday Patterns (5M-1H)
- **Current Formation:** Doji-like indecision around 97.85 level
- **Key Reversal Zones:** 97.50 (Hammer potential), 98.20 (Shooting Star zone)
- **Momentum Candles:** Watch for Marubozu above 98.00 or below 97.60
- **Evening Star Setup:** Three-candle reversal pattern completion around 98.15
- **Morning Star Potential:** Bullish reversal signal near 97.45 support
### Swing Patterns (4H-Monthly)
- **Engulfing Patterns:** Critical at 98.50 weekly resistance and 97.00 monthly support
- **Harami Cross:** Indecision pattern suggesting range-bound action
- **Piercing Line/Dark Cloud:** Key reversal patterns at major S/R levels
- **Three White Soldiers:** Bullish continuation above 98.00
- **Three Black Crows:** Bearish breakdown below 97.50
## Harmonic Pattern Analysis
### M & W Formations
- **Double Top (M):** Resistance confluence at 98.80-99.00 zone
- **Neckline:** Critical break level at 97.25 for M-pattern completion
- **Double Bottom (W):** Support structure around 96.50-96.80
- **W-Pattern Target:** Bullish objective at 99.20-99.50 on completion
- **Measured Move:** M-top target 96.00, W-bottom target 99.00
### ABCD Pattern Analysis
- **Bullish ABCD:** Current structure suggests C-point at 97.20, D-target 99.80
- **Bearish ABCD:** Alternative count with D-wave completion at 96.20
- **AB=CD Equality:** Time and price symmetry around 98.25 pivot
- **Extension Ratios:**
- 127.2% extension at 99.45
- 161.8% extension at 100.20
- 200% extension at 101.50
## Elliott Wave Analysis
### Primary Count
- **Current Position:** Wave 4 correction of larger degree impulse from 94.50
- **Wave Structure:**
- Wave 1: 94.50 → 96.80
- Wave 2: 96.80 → 95.20
- Wave 3: 95.20 → 98.90
- Wave 4: 98.90 → 97.20 (current)
- Wave 5 Target: 100.50-101.20
### Alternative Count
- **ABC Correction:** Large degree correction from 105.00 highs
- **A-Wave:** 105.00 → 100.80
- **B-Wave:** 100.80 → 99.20 (current)
- **C-Wave Target:** 94.00-95.50
### Time Projections
- **Wave 4 Completion:** 3-5 trading days
- **Wave 5 Duration:** 8-13 days
- **Cycle Completion:** 21-34 days
## Wyckoff Analysis
### Market Structure
- **Phase:** Late accumulation or early distribution
- **Trading Range:** 97.00-99.00 (established range)
- **Point of Support (PS):** 97.20 level
- **Secondary Test (ST):** Current price action around 97.85
- **Sign of Strength (SOS):** Break above 98.50 with volume
- **Last Point of Support (LPS):** Final test around 97.40
### Volume Characteristics
- **Accumulation Signals:** High volume on declines, low volume on rallies
- **Distribution Signals:** High volume on rallies, climactic action above 98.50
- **No Demand:** Weak rallies with declining volume
- **Stopping Volume:** Heavy volume at support levels
## W.D. Gann Theory Analysis
### Time Theory
- **Natural Cycles:** 30, 60, 90, 120-day cycles active
- **Anniversary Dates:** Previous major highs at 105.00 (time squares)
- **Seasonal Pattern:** USD strength typically in Q3-Q4
- **Time Windows:**
- Minor: 7-10 days
- Intermediate: 21-30 days
- Major: 90-120 days
### Square of 9 Analysis
- **Current Position:** 97.839 sits at 347° on the wheel
- **Key Angles:**
- 0°/360°: 98.00 (major resistance)
- 45°: 97.20 (support)
- 90°: 98.80 (resistance)
- 180°: 96.40 (major support)
- 270°: 99.60 (major resistance)
### Price Targets from Square
- **Bullish Targets:** 98.44, 99.25, 100.69
- **Bearish Targets:** 97.21, 96.49, 95.36
### Angle Theory
- **1x1 Angle:** Primary trendline from 94.50 low at 97.60
- **2x1 Angle:** Acceleration line at 98.20
- **1x2 Angle:** Support line at 97.00
- **Fan Lines:** Multiple confluence zones at 97.25, 98.15, 99.05
### Squaring Price and Time
- **Price Squares:** 97.00, 98.00, 99.00, 100.00
- **Time Squares:** 144 hours (6 days), 233 hours (10 days)
- **Geometric Harmony:** 50% level at 97.50, 62% at 98.10
## Ichimoku Kinko Hyo Analysis
### Cloud (Kumo) Analysis
- **Current Position:** Price trading above cloud (bullish bias)
- **Cloud Support:** 97.20-97.40 zone
- **Future Cloud:** Bearish twist in 26 periods around 98.60
- **Cloud Thickness:** Medium strength S/R levels
### Signal Line Analysis
- **Tenkan-sen (9):** 97.75 - short-term momentum line
- **Kijun-sen (26):** 97.55 - medium-term trend line
- **Senkou Span A:** 97.65 (leading span)
- **Senkou Span B:** 97.30 (leading span)
- **Chikou Span:** Confirming current price action strength
### Trading Signals
- **TK Cross:** Tenkan above Kijun (weak bullish)
- **Price vs Kijun:** Above baseline (bullish bias)
- **Cloud Break:** Monitor 97.20 break for bearish signal
## Technical Indicators Analysis
### RSI (Relative Strength Index)
- **14-Period RSI:** 52.8 (neutral zone)
- **Overbought Level:** >70 (watch 98.20+ levels)
- **Oversold Level:** <30 (watch 97.00- levels)
- **Divergence Signals:** Hidden bullish divergence on 4H timeframe
- **Trend Confirmation:** Break above 55 confirms bullish momentum
### Bollinger Bands
- **Upper Band:** 98.45 (immediate resistance)
- **Middle Band (20 SMA):** 97.80 (dynamic support/resistance)
- **Lower Band:** 97.15 (immediate support)
- **Band Width:** Moderate volatility (expansion expected)
- **Squeeze Indicator:** Potential breakout setup forming
### VWAP Analysis
- **Daily VWAP:** 97.72 (key pivot level)
- **Weekly VWAP:** 97.91 (resistance)
- **Monthly VWAP:** 98.15 (major resistance)
- **Volume Profile:** High volume node at 97.50, 98.10
- **VWAP Deviation:** +1 std dev at 98.20, -1 std dev at 97.30
### Moving Averages
- **SMA 20:** 97.78 (short-term trend)
- **SMA 50:** 97.45 (medium-term support)
- **SMA 200:** 96.80 (long-term bullish above this)
- **EMA 8:** 97.85 (immediate dynamic resistance)
- **EMA 21:** 97.70 (key dynamic support)
- **WMA 10:** 97.82 (weighted recent price bias)
## Multi-Timeframe Analysis
### Intraday Analysis
#### 5-Minute Timeframe
- **Trend:** Sideways with upward bias
- **Range:** 97.75-97.95 immediate trading range
- **Scalping Levels:** Buy 97.78, Sell 97.88
- **Breakout Levels:** Above 97.95 or below 97.75
#### 15-Minute Timeframe
- **Pattern:** Ascending triangle formation
- **Apex:** Around 97.90 level
- **Time Target:** Next 2-3 hours for breakout
- **Volume:** Declining (coiling for move)
#### 30-Minute Timeframe
- **Structure:** Higher lows pattern since 97.20
- **Resistance:** 98.00 psychological level
- **Support:** 97.60 swing low
- **Momentum:** Neutral to slightly bullish
#### 1-Hour Timeframe
- **Trend:** Corrective move within larger uptrend
- **Key Level:** 98.20 hourly resistance
- **Support Zone:** 97.40-97.60
- **Next Move:** 4-6 hour window for direction
#### 4-Hour Timeframe
- **Pattern:** Bull flag consolidation
- **Pole:** Move from 97.00 to 98.90
- **Flag:** Current consolidation 97.20-98.20
- **Target:** 99.80-100.20 on upside break
- **Invalidation:** Break below 97.00
### Swing Analysis
#### Daily Timeframe
- **Primary Trend:** Bullish since July 2025
- **Current Phase:** Healthy pullback/consolidation
- **Key Resistance:** 99.00-99.20 zone
- **Major Support:** 96.80-97.00 zone
- **Expected Duration:** 5-8 trading days
#### Weekly Timeframe
- **Long-term Trend:** Sideways to up since Q2 2025
- **Weekly Range:** 96.50-99.50
- **Momentum:** Neutral with bullish undertone
- **Critical Level:** Weekly close above 98.50
#### Monthly Timeframe
- **Macro Trend:** Recovery from 2024 lows
- **Monthly Resistance:** 100.00-101.00 zone
- **Monthly Support:** 95.00-96.00 zone
- **Cycle Position:** Mid-cycle consolidation
## Key Levels & Price Targets
### Critical Support Levels
1. **97.60** - Immediate support (4H swing low)
2. **97.40** - Minor support (Gann angle)
3. **97.20** - Major support (Ichimoku cloud)
4. **97.00** - Key support (psychological + Wyckoff PS)
5. **96.80** - Weekly support (200 SMA)
6. **96.50** - Monthly support (major swing low)
### Critical Resistance Levels
1. **98.00** - Immediate resistance (psychological + Gann square)
2. **98.20** - Minor resistance (previous swing high)
3. **98.50** - Major resistance (weekly level)
4. **98.90** - Key resistance (recent high)
5. **99.20** - Weekly resistance (harmonic target)
6. **100.00** - Monthly resistance (major psychological)
### Price Projections
#### Bullish Scenario (Probability: 55%)
- **Catalyst:** Break above 98.20 with volume
- **Target 1:** 98.80-99.00
- **Target 2:** 99.50-99.80
- **Target 3:** 100.20-100.50
- **Timeline:** 2-3 weeks
#### Bearish Scenario (Probability: 35%)
- **Catalyst:** Break below 97.40 with volume
- **Target 1:** 97.00-96.80
- **Target 2:** 96.50-96.20
- **Target 3:** 95.80-95.50
- **Timeline:** 1-2 weeks
#### Neutral Scenario (Probability: 10%)
- **Range:** 97.40-98.20
- **Duration:** 1-2 weeks
- **Strategy:** Range trading
- **Breakout:** Eventually expected
## Risk Management Framework
### Position Sizing
- **Conservative:** 1% risk per trade
- **Moderate:** 1.5% risk per trade
- **Aggressive:** 2% risk per trade
### Stop Loss Guidelines
- **Intraday:** 20-30 points from entry
- **Swing:** 50-80 points from entry
- **Long-term:** 100-150 points from entry
### Take Profit Strategy
- **Scale out:** 25% at first target
- **Trail stops:** Above key support/resistance
- **Final target:** Risk-reward minimum 1:2
## Trading Strategies
### Intraday Strategy
- **Long Setup:** Break above 98.00 with volume
- **Entry:** 98.05-98.10
- **Stop:** 97.75
- **Target:** 98.45-98.60
### Swing Strategy
- **Long Setup:** Pullback to 97.40-97.60
- **Entry:** Scale in on support test
- **Stop:** Below 97.00
- **Target:** 99.00-99.50
### Momentum Strategy
- **Breakout Play:** Above 98.50 or below 97.00
- **Volume Confirmation:** Required
- **Follow Through:** Next day continuation
- **Risk:** Tight stops due to false breaks
## Market Outlook Summary
The DXY at 97.839 presents a critical inflection point with multiple technical frameworks suggesting an imminent directional move. The slight bullish bias is supported by:
- Elliott Wave suggesting Wave 5 higher
- Wyckoff accumulation characteristics
- Gann time cycles favoring upward movement
- Ichimoku cloud support holding
However, traders should remain vigilant for:
- False breakouts in current range
- Federal Reserve policy changes
- Global economic developments
- Risk sentiment shifts
**Primary Expectation:** Bullish breakout above 98.20 targeting 99.00+
**Alternative Scenario:** Range continuation 97.40-98.20
**Bearish Scenario:** Break below 97.00 targeting 96.50
*Analysis Date: August 17, 2025*
*Next Update: August 19, 2025*
*Key Event Risk: Federal Reserve communications, Economic data releases*
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⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
DXY
$NIFTY: Failed breakout, no bullish pattern visible Indian equity markets were the investors favorite for many years, and it did perform very well for the last 10 years. At its peak the index has generated 150% return for its investors in the last 5 years beating the S&P500 and even the tech heavy NASDAQ100. But since peaking in Sept 2024 the index has been lower to sideways for almost 12 months.
The recent poor price action in NSE:NIFTY has resulted in the index down more than 10% from its highs. With SP:SPX and PEPPERSTONE:NAS100 at or new their ATH and TVC:DXY below 100 the index is unable to break out of this poor price action. On July 27 we discussed this and concluded that the medium-term target of 2600 on NSE:NIFTY and 96 on TVC:DXY remains intact. Since then, we are more of less unchanged on both the indices. Now let’s look into the Fib retracement levels on the Daily chart of $NIFTY. The Tops and the bottom on the NSE:NIFTY correspond perfectly with that of $DXY.
We need a revision in our short to medium term expectation in bot the indices. Now I expect much poor price action within NSE:NIFTY as it has very little momentum left to show for. We should be happy if we can touch the 0.786 Fib levels which is @ 25300 which indicates a meagre 3% upside from here.
Verdict: Underperform. NSE:NIFTY minimum upside potential in the index. Rather go long other risky assets to outperform the markets.
BTCUSD Theres No Way We Can Hit 1 Million Dollar Bitcoin, Right?I think that Bitcoin is on its way to some serious numbers. Numbers that most think are impossible. So many think that this cycle has to be like previous cycles. Oh its 840 days in the last cycle from bottom to top, or 4 year cycles etc. Its all bogus, this time is different regardless of what you think. Bitcoin is being locked in the ETF now and soon to be reserves of states, countries, city states you name the whole world is going to hoard Bitcoin. There is no more sloshing of capital like you're used to to created an altcoin season. There is no more Bitcoin dominance dropping, like you're used. It is simply different and thats the facts jack. Everyone selling now is going to regret it.
I believe that Bitcoin from 2009 to the end of 2023 was one giant cycle. We are at the beginning of a new cycle for Bitcoin. If you think the last one was fun, just wait till you see this one. Ill paste a picture of what I mean below so you can understand what Im saying.
People calling Michael Saylor stupid, saying hes buying the top, like they are smarter than him, or Blackrock, any other hedge fund, or countries, or US states. Everyone who thinks that is they are smarter than these people are going to have a rude awakening.
1 Million is just the beginning. Over the next 10 years Bitcoin is going to go to numbers that no one can even fathom. Not even the dreamiest of Bulls. I bet Bitcoin could hit 30-50 million dollars over the next 10 years. Why do I say that?
The world, especially the United States is about to go into a massive productivity boom over the next 10 years, cheap energy, increased efficiency in all sectors, AI expansion, new inventions, and massive wealth transfers from the baby boom generation. Trump saying that America is entering a Golden Age is absolutely correct. We are going to witness the most epic bull run in history from now to about 2035. Sure there will be corrections and crashes along the way, but itll just be a higher low and then off to the races again.
The baby boom generation is sitting on 78 TRILLION DOLLARS of wealth currently. As baby boomers retire or pass away, their wealth will likely be passed on to their children and grandchildren. This transfer of wealth will help future generations buy homes, pay off student debt, make other purchases, and invest. This will benefit Bitcoin tremendously because now theres barely anyone under 50 investing in Gold or Silver anymore, that stuff is stone age currecny. We are entering a digital AI age, we're not moving backwards. The gold for the new digital golden age is Bitcoin. So much money and capital will flow into Bitcoin and other crypto assets, stock market etc. That is why the smart are loading up!
Its going to be beautiful, so just have a seat, buckle up its going to be wild. None of this is financial advice this is just my opinion.
DXY LONG FROM RISING SUPPORT|
✅DXY is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 98.000
LONG🚀
✅Like and subscribe to never miss a new idea!✅
DXY Locked & Loaded: Robber's Gameplan for Profit Pullout💸💼 "DXY Market Heist Blueprint – The Thief's Bullish Escape Plan" 💼💸
Rob the Market, Not the Rules – Trade Smart, Trade Sharp, Trade Thief Style™
🌍 Hey Money Makers, Risk Takers & Market Robbers!
Hola! Ola! Bonjour! Hallo! Marhaba! 🙌
Let’s break into the DXY vault and swipe those profits with precision. 💼💸
🧠💡This Thief Trading Style™ Master Plan is a high-stakes operation backed by technical setups, macro-fundamentals, and robbery-level insights. Follow the blueprint laid out on the chart. Our target? The High-Risk Yellow ATR Zone – where the real treasure is buried.
💼 ENTRY: "The Vault Is Open – Grab the Bullish Bags!"
Enter long as price approaches key pullback levels within a 15–30 min timeframe. Use the most recent candle wick’s swing low/high for sniper-style DCA entries.
🔑 Layer multiple limit orders like a thief stacking getaway bags (aka the DCA / Layering Method). Be patient and precise.
🛑 STOP LOSS: "Don’t Get Caught by the Market Police"
📍 Place SL just below the nearest 4H swing low (example: 97.300) depending on your strategy (scalping/swing).
⚖️ Your SL should reflect your risk appetite, lot size, and how many limit orders you’re running. Thieves don’t risk it all on one job. 🎭
🎯 TARGET: 101.800 (or Escape Before the Sirens)
Once the target zone nears, decide whether to collect full loot or exit before resistance hits. We trade smart, not greedy. 🧠💰
📈 Why This Heist Makes Sense: Market Conditions Breakdown
Bullish momentum supported by macro drivers and intermarket forces
COT report and sentiment leaning in favor of USD
Dollar Index structure showing signs of reversal + trend confirmation
Consolidation trap zones hinting at institutional accumulation
💡 This is not just a blind entry—it's a well-researched and time-tested plan. Check the chart details and refer to:
🔗 Fundamentals | COT Reports | Sentiment Score | Quantitative Outlook
🚨 NEWS & POSITION MANAGEMENT ALERT
Before jumping in, beware of high-impact news!
🗞️ To keep your trades safe and stress-free:
Avoid opening new positions during major news releases
Use trailing SLs to protect gains
Monitor volatility triggers (economic calendar is your best friend!)
🏴☠️💥 BOOST THE ROBBERY – Hit That Like/Boost Button
The more you boost, the stronger the heist crew becomes! 💪🚀
Help fellow traders steal opportunities with the Thief Trading Style™ – calculated, bold, and sharp.
🔥 Let's continue to outsmart the markets and make each trade count. Stay tuned for the next heist update – fresh trades, deeper insights, and bigger bags. 🤑💼
🔔 Disclaimer: This plan is not financial advice. Use it for educational and entertainment purposes. Always conduct your own analysis and manage risk accordingly.
📌 Markets shift quickly. Stay adaptable, informed, and always ready to pivot.
GBP/USD Bearish ThesisHello everyone,
This post outlines a high-probability short setup I am currently monitoring on GBP/USD. The idea is based on a top-down analysis, aligning a specific H4 entry plan with the dominant macro bearish trend.
1. The Macro View (Weekly/Daily Timeframe):
HTF Bearish Structure: The primary trend on the higher timeframes (Daily, Weekly, and beyond) remains fundamentally bearish. My bias is to trade in alignment with this dominant order flow.
Deep Retracement: Price has retraced to a key high-probability reversal area, currently reacting around the 86% Fibonacci retracement level on the Weekly chart. This indicates that the long-term retracement might be nearing its end, preparing for the next major leg down.
2. The H4 Narrative & Setup:
On the 4-hour chart, we've recently seen a bullish Break of Structure (BOS). I interpret this not as a reversal, but as inducement—a move designed to engineer liquidity from early sellers and breakout buyers before targeting higher prices.
My precise Point of Interest (POI) for a short entry is a well-defined confluence zone in a premium market, consisting of:
An efficient price rebalancing into a prominent H4 Fair Value Gap (FVG).
A test of the Optimal Trade Entry (OTE) zone (61.8% - 78.6% Fibonacci retracement) of the last significant H4 bearish fractal.
3. The Execution Plan:
Bias: Bearish / Short
Action: Patiently wait for price to push higher, sweep the recent highs (inducement), and enter my defined H4 POI.
Entry Zone: The confluence area of the FVG and the 61-78% Fibonacci zone. I will also be monitoring for a potential sweep of the Previous Month High (PMH) as a secondary entry scenario.
Stop Loss: A defined level placed logically above the PMH to protect against a liquidity grab.
Take Profit: Targeting the significant swing low around the 38% Fibonacci level, which represents a key area of support.
Strategy: The core of this plan is patience. I will not chase the price. If and when the price enters my zone, I will look to execute. Further re-entries will be considered on lower timeframe confirmations once the trade is active and moving in my favor.
Disclaimer: This analysis is for educational and tracking purposes only. It reflects my personal view of the market and should not be considered financial advice. Please conduct your own due diligence and manage your risk appropriately.
DXY (Daily)🔎 Chart Context
• Instrument: DXY (US Dollar Index)
• Timeframe: 1D (Daily)
• Broker: Capital.com
• Date: 15 August 2025
This chart tracks the relative strength of the US Dollar against a basket of major currencies. It is also strongly correlated inversely with risk assets (BTC, SOL, equities, gold).
📊 Key Observations
1. Macro Structure
• DXY peaked at 109.879 and 109.506 (late 2024 highs).
• Since then, the index has been in a steady downtrend, forming consistent lower highs: 107.235 → 104.256 → 101.513 → 98.959.
• Current price trades around 97.805–98.268, well below prior supports, confirming bearish pressure.
2. Support & Demand Zones
• 97.527 – 96.663: Current support range being tested repeatedly.
• 95.000: Stronger demand zone, marked as the next probable retest.
• 93.000: A deeper liquidity level, identified as a potential long-term downside target.
3. Resistance Zones
• 98.959 – 99.804: Previous breakdown area and strong supply.
• Any bullish bounce will likely stall in this zone unless momentum shifts drastically.
4. Liquidity Behavior
• DXY is compressing within the 97.5–99 band.
• Multiple sweeps of 97.527–96.663 suggest buyers are weakening.
• Next liquidity magnet lies at 95.000, with potential extension to 93.000.
5. Projected Path
• The chart projection suggests further downside movement toward 95.000, followed by a temporary relief rally, then continuation toward 93.000.
• This aligns with a macro bearish USD outlook.
📈 Bullish Case (Low Probability, Countertrend)
• If DXY holds 97.527–96.663 strongly and forms a higher low:
• First target: 98.959 (minor resistance)
• Second target: 99.804 (supply zone)
• Sustained break above 101.513 would change trend bias to bullish.
• However, this requires a major macro catalyst (e.g., Fed tightening or risk-off flows).
📉 Bearish Case (Higher Probability, Dominant Scenario)
• Downtrend structure intact with clear lower highs.
• Current weakness signals continuation:
• Next stop: 95.000 liquidity zone.
• Final target: 93.000 if bearish momentum persists.
• This aligns with weakening dollar demand and capital rotation into risk assets (crypto, equities, commodities).
⚡ Trading Plan
• Short Bias (Preferred Play):
• Enter on relief rallies into 98.959–99.804 supply zone.
• Target 1: 95.000
• Target 2: 93.000
• Stop-loss: Above 101.513
• Long Setup (Countertrend, Risky):
• Enter at 95.000 demand zone (scalp long).
• TP1: 98.959
• Stop: Below 93.000
XAUUSD – Double Tap or Deeper Correction?Idea Breakdown:
Gold just gave us a textbook double-tap at the key 1,910–1,912 demand zone. This level aligns with the 61.8% retracement from the most recent bullish impulse. The long wicks on the daily suggest strong rejection by buyers.
As long as price holds above 1,910, this looks like a potential launch pad for another leg up. Next resistance sits around 1,943, and above that, we’re eyeing 1,966 and 1,984.
Plan:
• Look for bullish price action on the lower timeframes (1H–4H) confirming the double tap
• Conservative entry: on a retest of 1,912
• Aggressive entry: break and hold above 1,943
• Invalidation: Clean daily close below 1,898
Structure:
• Daily double tap at the 1,910–1,912 level
• Strong bullish wick rejection
• Reaction from 61.8% Fibonacci retracement
• In line with overall bullish market structure
Key Zones:
• Support: 1,910–1,912 (wick rejections + Fib confluence)
• Resistance: 1,943
• Breakout target: 1,966 and 1,984
• Invalid if we break below: 1,898
DXY ready to drop again?DXY has done false breakout in the beginning of the week with strong rejection to the upside. Upon rejection, price has pulled back to 38.2% fib along with daily resistance retest and price has strongly rejected from 98.70 showing further downside with another wave to 98.32 has rejected with strong liquidity candle that continue to drop as 4h, has formed liquidity candle with false breakout at 98.00, there is higher probability to drop to support.
DXY: Dollar’s ready, but the starter pistol’s still silentDXY is holding in the 97.50–97.60 support zone, an area where buyers have stepped in multiple times. Current market structure suggests possible liquidity accumulation before an upside move. The key tactical trigger is a breakout and close above 98.76, opening the path to 100.28, then 101.84 where historical selling pressure has emerged. The long-term target, if all levels break in sequence, is 104.40. While price remains below 98.76, buyers have no confirmed advantage and any rally remains speculative.
Fundamentally , the dollar lacks unconditional support: US macro data is mixed and Fed policy remains uncertain. However, safe-haven demand and cautious risk positioning by large players create a backdrop for a potential upward correction.
Tactical plan: watch 97.50–97.60, a confirmed break above 98.76 activates a move towards 100.28 → 101.84 → 104.40. Failure to break cancels the idea until a fresh impulse emerges.
The dollar right now is like a boxer before stepping into the ring - warmed up, focused, but waiting for the bell.
EURUSD POSSIBLE SELL SETUP **RISK MANAGEMENT **This chart illustrates a **Supply and Demand** setup on the EUR/USD daily timeframe.
-Supply Zone (Red Area)**: Price previously dropped sharply from this zone (around 1.1713–1.1796), showing strong selling pressure.
-BOS (Break of Structure)**: The market broke a key support level, confirming bearish intent.
-Entry**: Price retraced back into the supply zone, offering a short-selling opportunity.
* **Targets**:
-TP1** at \~1.1500 (first liquidity pool / minor demand)
-TP2** at \~1.1400 (major demand zone)
Bearish reversal?The US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 98.40
1st Support: 97.76
1st Resistance: 99.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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USD/CAD Bullish Bias Supported by COT Data and Seasonal Trends🗓 Monthly Chart Overview
• Price Inefficiency Zone: There's a clear imbalance between 1.40165 and 1.41248, suggesting a potential magnet for price. A retracement to at least the 50% level of this inefficiency could be expected.
• Bullish Structure: Price has formed a bullish order block and is currently retracing, which often precedes a continuation move upward.
• This setup hints at accumulation before a bullish expansion.
📆 Weekly Chart Insights
• Inefficiency Filled: Price has filled previous inefficiencies, showing healthy market structure.
• Liquidity Behavior: We've seen price sweep lows, then begin sweeping highs, while respecting bullish blocks—a strong indication of a shift in directional intent.
• This behavior supports the idea that USD/CAD is preparing for a bullish continuation.
📅 Daily Chart Momentum
• Aggressive Breakout: After a period of consolidation, price broke out aggressively to the upside, confirming bullish momentum.
• Structure: The daily chart maintains a bullish structure, reinforcing the higher timeframe bias.
💹 Commitment of Traders (COT) Data
• USD Positioning: The U.S. Dollar is showing net buying interest, supporting strength.
• CAD Positioning: The Canadian Dollar is net bearish on average when compared to last year’s data.
• This divergence in sentiment adds confluence to a bullish USD/CAD bias.
📊 Seasonal Trends
• Historically, USD/CAD tends to rise from August through November, with September, October, and especially November being the most bullish months.
• This seasonal tendency aligns with the current technical and fundamental setup.
🏦 Macro Considerations
• Interest Rates: Keep a close eye on central bank rate decisions and forward guidance, as they can significantly impact USD/CAD volatility and direction.
🔍 Summary
USD/CAD shows strong bullish potential across monthly, weekly, and daily timeframes. Technical structure, COT data, and seasonal trends all point toward a continuation to the upside. A revisit to the inefficiency zone around 1.4060–1.4120 could be a key target in the coming months.
DXY: Bulls Are Winning! Long!
My dear friends,
Today we will analyse DXY together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 98.871 will confirm the new direction upwards with the target being the next key level of 98.071 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
DXY Is Still Bearish; Final Leg Of The Wedge Pattern?DXY Is Still Bearish, but it can be trading in final leg of ending diagonal a.k.a. wedge pattern from technical and Elliott wave perspective.
US Dollar Index – DXY made only a three-wave rise from the lows, which indicates for a correction within downtrend. So recovery can basically still be a fourth wave rally, just a bit deeper one that can still belong to an ending diagonal a.k.a. wedge pattern. Final wave “v” of 5 can be still missing, so be aware of a continuation lower within a new three-wave abc decline, especially if breaks below the lower side of the corrective channel near 97.70 level.
Gold Lacking Bullish Strength, Bears are Reentering StronglyTechnical Summary:
Gold is consolidating in a narrow zone between 3365 & 3330 since the beginning of the week. The prices in the recent trading sessions failed to sustain above the immediate resistance at 3365. Also, the prices are trending lower near 3362, indicating bulls are failing to breach the immediate resistance, and soon bears might overpower, signaling developing bearish strength with immediate support at the fib level 0.382 (3355.30).
Projection
If prices breaches the immediate support at the fib level 0.382 (3355.30), then it might decline to test 3330, then 3300 and even lower towards 3285
Descriptive Analysis:
The metal might weaken due to revived strength in the US Dollar, due to easing geopolitical tensions brokered by President Trump.
Data-Related Projection:
Today’s key releases include US initial jobless claims, PPI, and Trump's speech could bring a lot of volatility in the market. A rising PPI and falling Jobless claims will strengthen the dollar and weaken the demand for non-yielding gold.
Indicator Interpretation:
The Bollinger band is narrowing while trending downwards, with prices hovering near the middle band, indicating weakness in prices. On the other hand, RSI is trending in the selling zone.
Dollar Index (DXY): Bearish Outlook Explained
US Dollar has a very bearish start of this week.
A violation of a key daily support yesterday leaves
another strong bearish clue.
With a high probability, the market will continue falling
and reach 97.2 support soon.
❤️Please, support my work with like, thank you!❤️
DXY Analysis - Crucial to Track Overall Market Scenario The US Dollar Index (DXY) is currently trading near 97.75, sitting just above the key 0.786 Fibonacci retracement level at 97.78.
Current Price Action
Price action shows a bouncing attempt from a descending support zone, with immediate resistance seen at 98.13.
If rise higher, the index has further upside potential toward the 0.618 retracement at 98.33 considering momentum also holds.
Alternate Scenario
On the downside, 97.48 and 97.11 remain critical supports; a break below could invite deeper selling pressure.
Indicator Confirmation
Bollinger Bands are relatively narrow, indicating a potential volatility expansion, while the RSI at 34.17 suggests the dollar is approaching oversold territory, increasing chances of a rebound.
Data Interpretation
Today’s Initial Jobless Claims and PPI releases will be pivotal — stronger-than-expected data may trigger a bullish breakout, while weaker readings could see the index retest lower supports.
The Final Highlight
Traders should watch for intraday breakouts above 98.00 for long entries, or breakdowns below 97.48 for shorts, with data releases likely acting as the catalyst.
Bitcoin’s Game Has Changed: Fresh Support Zone, Targets Sky-HighHey Dear Friends,
Until recently, Bitcoin had been stuck in a range between 112,331 and 105,344 for quite some time. But that range has now been clearly broken. So, what does this mean? This zone, which used to act as resistance, is now expected to flip and act as support.
According to my weekly trading model, the long-term target levels I’m tracking for Bitcoin are: 127,818 – 137,000 – 146,000.
Since this is a weekly setup, it might take a while for these targets to play out. Even if we see pullbacks to the 112K, 105K, or even 100K levels, I expect to see strong buying pressure from that zone.
I’ll keep sharing regular updates as this setup develops.
To everyone who’s been supporting and appreciating my work—thank you, truly. Your encouragement means the world to me and keeps me motivated to keep showing up. Much love to all of you—I’m grateful we’re in this journey together.