1. Market Structure:
DXY is trading in a short-term range between 98.471 resistance and 97.952 support, following a sharp downtrend from the 99.072 high.
2. Supply Zone Pressure:
The 98.471 level acts as a strong intraday supply, repeatedly rejecting price and limiting bullish momentum.
3. Demand Zone Cushion:
The 97.952 level is holding as immediate support. Below that, the yellow zone around 97.60–97.45 is a major demand area where buyers may step in.
4. Momentum Bias:
Lower highs from the recent peaks signal ongoing bearish pressure. Short-term rallies are getting sold into, suggesting sellers control the market.
5. Next Move:
Bullish: Break above 98.471 opens path to 98.829–99.072 .
Bearish: Break below 97.952 targets the 97.60–97.45 demand zone.
DXY is trading in a short-term range between 98.471 resistance and 97.952 support, following a sharp downtrend from the 99.072 high.
2. Supply Zone Pressure:
The 98.471 level acts as a strong intraday supply, repeatedly rejecting price and limiting bullish momentum.
3. Demand Zone Cushion:
The 97.952 level is holding as immediate support. Below that, the yellow zone around 97.60–97.45 is a major demand area where buyers may step in.
4. Momentum Bias:
Lower highs from the recent peaks signal ongoing bearish pressure. Short-term rallies are getting sold into, suggesting sellers control the market.
5. Next Move:
Bullish: Break above 98.471 opens path to 98.829–99.072 .
Bearish: Break below 97.952 targets the 97.60–97.45 demand zone.
Here is my Telegram channel user name you can Join for Free Analysis and signals t.me/XAUTraderSidS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Here is my Telegram channel user name you can Join for Free Analysis and signals t.me/XAUTraderSidS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.