US DOLLAR INDEX(DXY): Classic Bearish SetupI believe that 📉DOLLAR INDEX has a potential to continue falling.
The market has been consolidating in a wide intraday horizontal range, and the breakout below the range support is a significant bearish indicator.
Target levels are 98.08 then 97.80 support.
DXY trade ideas
"Inflation Drops, Jobless Claims Jump — What’s Next for DXY, Gol🚨 Markets are shifting fast. CPI and PPI both came in lower than expected, while jobless claims hit an 8-month high. This triple data combo could mark a turning point for the US economy and the Fed’s next move.
In this video, I break down:
🔹 What soft inflation and rising unemployment mean for monetary policy
🔹 How DXY is reacting to weakening USD sentiment
🔹 Key levels for XAUUSD as rate cut bets rise
🔹 Where BTCUSD may head next with risk-on momentum building
📊 Technical + Fundamental insights — all in one session.
👉 Drop your thoughts in the comments and follow for more real-time market breakdowns!
#DXY #XAUUSD #BTCUSD #Inflation #FedWatch #TradingViewAnalysis #MacroUpdate #Forex #Crypto #Gold
Stuck in the Zone: DXY Tests Balance Between 98 and 99Hello Traders,
After a sharp and uninterrupted decline in the DXY, price found support at the 97.921 level. Sellers then regained control from the weekly bearish Fair Value Gap (W-FVG), pushing price back into the 99 zone.
In this zone, neither sellers nor buyers have managed to assert dominance—suggesting that these levels may act as a pause or balance point. Given the extended drop, a temporary correction could follow if buyers gain traction after one last push.
For now, the bearish USD narrative remains intact. With upcoming catalysts like China/US talks and tomorrow’s CPI release, a renewed move toward 98 is likely to accelerate.
Whether this leads to further selling or a corrective phase will be assessed afterward.
U.S. Dollar Index (DXY) Bearish Setup – Supply Zone Rejection & 🔹 Trend Overview
📊 Overall Trend: Bearish (Downtrend)
📉 Price is forming lower highs and lower lows within a descending channel.
🔻 Recently bounced off a support zone, now heading toward a potential pullback.
🔵 Supply Zone (Resistance Area)
📍 Zone Range: 100.049 – 100.601
🧱 Acts as a resistance block where sellers might step in.
📏 Confluent with EMA 70 at 100.178, strengthening its validity.
🔸 Trade Setup – Short Position
🟠 ENTRY POINT: 100.088
❌ STOP LOSS: 100.587 – 100.595 (Just above supply zone)
🎯 TARGET: 98.000 (With intermediate support levels)
📌 Support Levels
🔹 98.112 – First minor support
🔹 98.106 – Close-range confirmation
🔹 97.885 – Additional support zone
🟦 Main Target: 98.000
⚖️ Risk/Reward Ratio
🟧 Small risk above supply zone
🟩 Large reward to downside = Favorable R:R
📌 Summary
📈 Expecting a pullback into supply zone.
🧨 Look for bearish confirmation around 100.088.
🎯 Target the downside at 98.000 for profit.
Dollar Falling Ends Soon? Look What Pattern Is Forming!”Asset: U.S. Dollar Index (DXY)
Timeframe: 1D (Daily Chart)
Methodology: Elliott Wave + FVG (Fair Value Gap) + Price Action
DXY has completed an impulsive 5-wave bearish structure, now entering a high-probability reversal zone marked by strong buyer interest around the Wave 5 bottom.
📌 Key Insights:
Wave 5 approaching demand zone (Buyers' area)
Price inside Fair Value Gap (FVG) – potential order block
Bullish reversal expected from here
Forecast: A breakout into an ascending channel, confirming reversal
💡 If Wave 5 holds, we may see a sharp upside rally aligning with smart money accumulation + Elliott Wave psychology.
🔔 Watch for bullish confirmations near 97.50–98.00 for a potential long setup targeting the 104–107 zone.
DXY 4hr chart Analaysis It is possible that the DXY may retrace back to the 101.208 level, which previously marked the beginning of a bearish move. Alternatively, it could also resume a bearish trend from its current level or around the 99.80 zone. The market at this point requires heightened caution.
A potential bearish entry could be considered if DXY breaks below the 98.66 – 98.30 support area. A clear break of this level would confirm a fully established bearish trend, with a likely continuation towards the 94.00 – 93.00 range. From there, a bullish momentum may be anticipated.
DXY H4 – Dollar Weakens Ahead of PPI Release DXY H4 – Dollar Weakens Ahead of PPI Release | Is the Market Pricing in a Fed Pivot?
🌐 Macro & Fundamental Context
As we head into the New York session on June 12, the market’s attention shifts to one critical data point: the US PPI (Producer Price Index). Following the softer-than-expected CPI reading of 2.4% YoY (vs. 2.5% forecast), the Dollar Index (DXY) dropped sharply—signaling fading inflation pressure and reigniting rate cut expectations.
✅ Bearish Fundamentals Building for the USD:
CPI miss fuels Fed rate cut bets (currently ~65% chance for September per FedWatch Tool).
US Treasury yields are easing, reflecting the market’s pricing of a less aggressive Fed.
Risk assets rallying as capital flows rotate away from USD into gold, equities, and long-duration bonds.
If today’s PPI also comes in below forecast, it could confirm a deeper correction in DXY. Conversely, a surprise PPI upside might trigger a short-term pullback.
📉 Technical Analysis – H4 Timeframe
🔹 Overall Trend:
DXY is locked within a clearly defined descending channel, with a consistent Lower High – Lower Low structure holding since late May.
🔹 Key Technical Zones:
Short-term resistance: 98.548 – likely to act as a ceiling unless PPI surprises to the upside.
Immediate support: 97.966 – a break below opens the door toward the key support zone at 97.191, which aligns with previous FVG imbalance and multi-timeframe demand.
🔹 EMA Structure:
Price remains below all major EMAs (13 – 34 – 89 – 200), confirming persistent bearish pressure.
EMA13 is currently acting as dynamic resistance on H4, pressing down on price.
🧠 Market Sentiment & Flow Insight
Investors are rotating out of USD as inflation fears fade and Fed easing expectations increase.
Risk-on sentiment is returning, benefiting gold and stocks while weighing on DXY.
However, a hot PPI print could spook the market briefly, leading to a corrective bounce in the Dollar before the trend resumes.
🔍 Scenarios to Watch:
PPI comes in lower than expected:
DXY may retest 98.548 resistance and reject lower.
Next targets: 97.966 → 97.191
PPI surprises to the upside:
Technical bounce toward 98.5–98.8 possible.
But trend remains bearish unless price reclaims 99.2+ zone.
✅ Conclusion
DXY remains under pressure from both macro and technical angles. The PPI report will be the next catalyst that determines whether this is a short-term dip or the continuation of a broader USD downtrend.
🎯 Tactical view: Favour short positions on DXY if price bounces into resistance and PPI supports the disinflation narrative. Target: 97.1 and below.
DXY Will Grow! Long!
Here is our detailed technical review for DXY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 98.198.
The above observations make me that the market will inevitably achieve 98.620 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDX-NEUTRAL BUY strategy 3 hourly GANN SQThe index is changing tune, but we should comfortably move beyond 98.60 before I feel we may have a chance to test 99.10 area. The chances are there, and perhaps this is start ofmit, but kindly wait and see a confirmation for it.
Strategy BUY @ 98.50-98.75 (on break) and take profit near 99.78 for now.