DXY 6/29/25
DXY Bearish Idea
All significant timeframes (monthly,weekly,daily 4hr) appear bearish for now.
Last week on June 25th, 2025 we saw price action break through our 98.000 zone confirming more bearish movement. This week we have two likely options that we will wait for confirmation on.
Bearish Continuation - Ideally we keep with the trend and look for lower highs below 98.000 for further confirmation. If we can spot rejection from this zone it is likely we will see DXY continue bearish for the week ahead.
Reversal - This is less likely but still possible. Price action could punch back through the 98.000 resistance and begin retesting previous highs. If this happens look for candlestick confirmation above 98.000 and expect a more bullish DXY for the week ahead.
DXY Bearish Idea
All significant timeframes (monthly,weekly,daily 4hr) appear bearish for now.
Last week on June 25th, 2025 we saw price action break through our 98.000 zone confirming more bearish movement. This week we have two likely options that we will wait for confirmation on.
Bearish Continuation - Ideally we keep with the trend and look for lower highs below 98.000 for further confirmation. If we can spot rejection from this zone it is likely we will see DXY continue bearish for the week ahead.
Reversal - This is less likely but still possible. Price action could punch back through the 98.000 resistance and begin retesting previous highs. If this happens look for candlestick confirmation above 98.000 and expect a more bullish DXY for the week ahead.
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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.
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.