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King Dollar Returns: 98.190 Break💵 Dollar Breakout — Cross Assets Dumping Hard
The U.S. Dollar just flipped 98.190 CAP
After weeks of hesitation, DXY broke clean through the 98.190 daily imbalance, turning prior resistance into a launchpad — and global markets are reacting fast.
📊 Technical Frame
The daily imbalance that capped price now acts as fresh support, confirming a higher-timeframe breakout.
Momentum alignment across 4H and Daily frames signals a firm trend shift.
Upside magnet sits at 98.800–99.200, the next liquidity shelf where sellers may regroup.
🌐 Fundamental Pulse
Cross assets are dumping — EUR AND GBP all bleeding as Dollar strength tightens global liquidity.
Yields grind higher with markets reloading for extended Fed tightness.
Risk aversion and portfolio deleveraging are amplifying the move — capital is flowing back into USD safety.
🧭 Takeaway
The Dollar is back in charge. Above 98.190, the structure supports continuation toward 99+.
In this regime, correlation flips: strong Dollar = weak everything else.
When the Dollar breathes in, global markets exhale.
US DOLLAR UPDATE DXYDXY — Rangebound but Firm: 98.19 Holds the Line
Dollar holds steady inside Friday’s range — a quiet coil before the macro rotation.
🧭 Context
The Dollar spent Monday trapped between Friday’s high and low, liquidating the upper wick at 98.190 before closing back within range.
Price currently sits near the 50% Fibonacci retracement (98.123), keeping the bullish range intact but unconfirmed.
The market is balanced, not directional — patience is the edge here.
📊 Technical Map
Structure: Price remains inside a clean bullish range with a volume imbalance still unfilled near 97.436.
Momentum: Mildly bullish but range-dependent — upward bias, no breakout confirmation yet.
Key Levels:
Support → 97.672 / 97.436
Pivot → 98.123
Resistance → 98.190 / 98.420
🌐 Fundamental Pulse
This week’s key drivers: PMI flash, GDP (Thu), and PCE inflation (Fri) — all high-impact data that will steer the Fed narrative.
Yields remain firm but cooling; risk appetite mixed as traders await fresh growth signals.
Without new inflation pressure, the Dollar likely stays rotational within its higher-timeframe band until late-week catalysts.
🎯 Plan
Primary: Avoid midrange noise. Best setups are at range extremes — 97.6 support and 98.2 resistance.
Execution Filter: Wait for volume expansion or 1H close confirmation before breakout engagement.
Alternative: Failure to hold 98.12 reopens imbalance toward 97.43; a break above 98.19 invites continuation to 98.4–98.6.
⚠️ Risk / Alt
Range = noise. Stay tactical. High-frequency trades only until volatility expands.
🧠 Mindset Pulse
“In dull markets, discipline is the premium asset — not conviction.”
Professionals don’t chase noise; they preserve readiness.
DXY: The Market Is Looking Down! Short!
My dear friends,
Today we will analyse DXY together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 98.118 will confirm the new direction downwards with the target being the next key level of 98.055 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Forex weekly review: fundamental analysis I found myself feeling a little fed up during the week starting Monday 13 October, unable to form a strong confidence in the near term direction of the currencies. I felt lack a lack of US data is really starting to bite, central bank speakers didn't really tell us anything new, Mr trump's brokerage of peace in the middle east didn't create any 'risk on oomph'. All we were left with was snippets of headline news regarding China's reaction to 'tariff escalation', none of which I felt comfortable trading in either direction.
But, far be it for me to complain about a US government shutdown making my trading decisions more difficult. There are actual people wondering when their next day of work will be and if they will even have a job to go back to.
On a positive note, we did get a couple of catalysts moving the currencies, 'soft' employment data from the UK and Australia created momentum for potential short term trades, I say short term because the data was against the tide of 'hawkish interest rate rhetoric' from both countries.
Earnings season kicked of fairly positively, it may well be that the tech company earnings over the next couple of weeks will create our best opportunities in the absence of US data, but hopefully the shutdown will end before it comes to that.
I have read US CPI data will be reported at some point despite the shutdown, I'm unsure how relevant it will be considering it'll be old news.
The previous week's JPY euphoria (negative JPY) was unwound due to new LDP leader TAKACHI attempting to sound hawkish. Which leaves us with a cloud surrounding our two staple currencies, the USD (no data) and JPY (rate hike uncertainty).
Finally, the week ended with a bit of back and forth, concerns over the US banking sector created risk off sentiment, seeing the VIX rise to 28. But Mr Trump tempered the negativity with positive china comments.
I begin the new week without a clear bias, prepared to trade momentum with a catalyst in either direction.
On a personal note, it was a week of two AUD JPY trades, both stopped out. I stand by my AUD JPY long 'risk on' trade, especially as the stop loss was behind 1hr support. But I accept that Friday's AUD JPY short trade was a mistake, perhaps an attempt to pre-empted the market out of frustration, I tried to predict a risk off end to the week. A mistake, especially considering Mr Trump's positive china comments. And a reminder to myself to trade clear momentum with a catalyst. With that in mind, the time to trade to bank induced negativity would have been during Friday's Asian session.
Let's see what the new week brings.
DXY - Potential FutureAlthough there is a clear bearish channel (purple 1px lines), I believe this is not the true pattern and it will form a low on the orange rail, then go upwards to the top rail as capital flies to safety, before the real decline of the DXY begins.
TA is a mapping of a more complex system, we can use to navigate these charts, however its simplicity leads me to believe the market makers are capable of manipulating expectation while channels are still forming.
TA is a game between market maker (Gods of the markets) and individuals who use it. Therefore tricks etc.. apply.
Let's see.
DXY — Between Balance and Breakout
Date: Sunday, October 19
Timeframe: Daily
Analyst: @CORE5DAN
Context
The U.S. Dollar Index holds a bullish daily range between 99.197 and 97.048, now sitting around the Fibonacci 50% retracement at 97.044.
Friday’s session formed a tight box — high 98.190, low 97.672 — showing compression inside balance conditions.
Price trades above mid-range, with a volume imbalance near 97.436 acting as a magnet for short-term rotation.
Key liquidity rests just below 97.700, and reactions there could define early-week direction.
Technical Map
• Structure: Short-term bullish, still inside a broader weekly bearish framework. Watch 97.436–97.700 — a clean reaction zone where imbalance and liquidity converge.
• Momentum: Range-bound bullish, confirming control but lacking expansion. A daily close above 98.190 opens the path toward the range high at 99.197.
• Volume: Imbalance remains unfilled — ideal for mean-reversion setups before any breakout impulse.
Fundamental Pulse (Week Ahead)
• Macro Drivers:
— US GDP advance data: key for growth tone.
— Core PCE inflation: the Fed’s favored inflation gauge.
— Fed speakers and PMIs: tone setters for November rate outlook.
• Yields:
— The 10-year sits near 4.6%.
— A push higher = bullish Dollar, stronger short-term flows.
— A pullback = potential consolidation across USD pairs.
• Global Flows:
— Mild rotation out of risk assets and emerging markets supports the Dollar.
— EURUSD and XAUUSD both reflect this hesitation near key supports.
Plan
Bias stays bullish in the short term, bearish in the long term.
We favor volume imbalance fills and reaction trades at 97.436–97.700 before re-evaluating structure.
If macro data or yield spikes support Dollar demand, expect continuation toward 98.190+.
Otherwise, a drift below 97.436 would signal distribution and confirm corrective pressure.
“Structure is the compass; sentiment is the weather.”
Mindset Pulse
“Authority comes from clarity, not prediction.”
Trade what’s confirmed — not what’s comfortable.
DXY Will Go Higher! Buy!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 98.541.
Considering the today's price action, probabilities will be high to see a movement to 99.742.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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DXY: Bears Are Winning! Short!
My dear friends,
Today we will analyse DXY together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 98.135 will confirm the new direction downwards with the target being the next key level of 98.012 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
DXY — 4H Fibonacci Discount ZoneDXY — 4H Fibonacci Discount Zone: bounce or breakdown?
Context (4H | Pre-London | 16 Oct)
Dollar Index is testing a 50% Fibonacci discount zone after an overnight -2 deviation.
Volume remains light, but buyers stepped in near the 98.2 region, defending short-term structure.
Big picture still leans bearish
Technical Map
• Structure: Consolidation within broader bearish context — 4H recovery attempts forming.
• Key Level: 98.2 acting as short-term decision point; deviation off 50% Fib zone.
• Momentum: −2 deviation within 4H range — early shift toward mean reversion.
• Volume: Heavy order flow support beneath 98.0; thin liquidity overhead until 98.6.
Structure overall remains bearish, but short-term momentum favors a corrective bid from the Fibonacci discount zone.
Fundamental Pulse
The Fed minutes gave us a small dip in yields, but the Dollar didn’t flinch — it’s still holding firm.
Sticky inflation keeps the Fed cautious, reinforcing that “higher-for-longer” tone.
Now all eyes turn to today’s CPI at 15:30 EET — the real test for rate expectations.
For now, rates steady, risk tone calm, traders waiting for direction.
Plan (If/Then)
If DXY pushes above 98.6, expect momentum toward the 99.0 zone.
Break below 98.05 reopens path toward 97.6–97.4 support band.
R:R potential ≈ 1 : 3 — solid setup if volatility expands post-CPI.
Stay patient and scale small before the CPI lands.
Mindset Pulse
Observation beats anticipation.
Let price confirm your story, not the other way around.
Stay aligned with structure; one mouse click can cost a narrative.
US DOLLAR IS FILLING IN DISCOUNT
Traders are pricing in a possible Fed rate cut, while fresh U.S.–China trade tension adds uncertainty to global flows.
Technically, the dollar sits in its weekly mid-range, printing a 5th inside bar behind last Thursday’s move — the classic order-loading phase.
Price is rotating between a key bullish low weakness zone at 98.30 and a bearish order block near 99.00 — a compression range where liquidity builds before expansion.
Structure remains bearish-biased but currently in bull-back mode.
Buyers are pressing into bearish volume nodes, leaving no clean swing setups — just a 50/50 zone where patience pays.
Expect one side of this range to be cleared before the next directional leg.
Until then, we stay tactical — cross-market focused, scalping for bread and butter while the market sets up its next move.
DXY Weekly Outlook (Count 3)This is a weekly timeframe outlook of the TVC:DXY . This is in alignment with my previously posted outlook which so far is playing out close to how I expected. This shows the wider view of what I think could be playing out. Still targeting the same yellow zone for a potential termination of the yellow (C) wave, after which we could see a counter trend consolidation. Current price action on the lower timeframe looks like it is forming a bearish flat correction which could be wave 2 in red. I'll look get a lower time frame update together, when time allows. More comments on the chart.
DXY index Near Resistance – Will Powell Trigger the Next Move?To kick off this week, let's take a quick look at the upcoming key indexes in the economic calendar before diving into the DXY analysis ( TVC:DXY ).
On Tuesday, we have Fed Chair Powell speaking, which could stir some excitement in the DXY index and ripple through correlated financial markets . Then, on Thursday , we have a bunch of key indexes like Core PPI, Core Retail Sales, PPI, and Unemployment Claims coming out. These releases could spark some volatility as well.
So, before we jump into the DXY analysis , I wanted to give you a heads-up on this week’s events
From a technical analysis standpoint , the DXY index is currently moving near a Heavy Resistance zone($101.30-$99.42) . At the same time, it has managed to break above the upper line of its descending channel and is now in a pullback phase to retest that broken line.
In terms of Elliott Wave theory , it seems that the DXY is completing wave B of a zigzag corrective(ABC/5-3-5) .
I expect that wave B will finish around the Potential Reversal Zone(PRZ) , and we might see the DXY index approach that Resistance zone($100.58-$99.93) before Powell’s speech tomorrow .
First Target: $99.770
Second Target: $100.06
Stop Loss(SL): $98.28
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U.S. Dollar Index Analysis (DXYUSD), 4-Hour Time Frame.
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