US Dollar Index (DXY) Chart Analysis – 1H Timeframe
This chart shows the **US Dollar Index (DXY)** with key price zones, trendlines, and EMA indicators. Here's a detailed analysis:
**Key Observations:**
* **Price:** Currently trading near **98.41**
* **EMAs:**
* **EMA 7** = 98.373 (short-term trend)
* **EMA 21** = 98.356 (medium-term trend)
* **Trendline:** Uptrend line still intact, acting as dynamic support
* **Volume:** Steady, no strong breakout yet
* **Support Zones:** 98.20 – 98.35
* **Price Structure:** Consolidating above support and EMAs after a pullback from highs
**Bullish Scenario**
* If price **holds above EMAs and the green support zone (98.20–98.35)**
* **Breakout above 98.50** would confirm strength
* Targets:
→ **98.70**
→ **99.00+** if trendline support continues to hold
* EMAs are aligned bullishly (7 above 21) – good sign for continued upward trend
**Bearish Scenario**
* If price **breaks below 98.20 and closes under the trendline**
* Watch for rejection near 98.50 followed by strong red candle
* Downside targets:
→ **97.80**
→ **97.60**
* A breakdown below the ascending trendline = trend shift confirmation
**Conclusion**
* **Bias:** Bullish as long as DXY stays above 98.20 and trendline
* **Invalidation:** A break and close below 98.20 + trendline = bearish shift
This chart shows the **US Dollar Index (DXY)** with key price zones, trendlines, and EMA indicators. Here's a detailed analysis:
**Key Observations:**
* **Price:** Currently trading near **98.41**
* **EMAs:**
* **EMA 7** = 98.373 (short-term trend)
* **EMA 21** = 98.356 (medium-term trend)
* **Trendline:** Uptrend line still intact, acting as dynamic support
* **Volume:** Steady, no strong breakout yet
* **Support Zones:** 98.20 – 98.35
* **Price Structure:** Consolidating above support and EMAs after a pullback from highs
**Bullish Scenario**
* If price **holds above EMAs and the green support zone (98.20–98.35)**
* **Breakout above 98.50** would confirm strength
* Targets:
→ **98.70**
→ **99.00+** if trendline support continues to hold
* EMAs are aligned bullishly (7 above 21) – good sign for continued upward trend
**Bearish Scenario**
* If price **breaks below 98.20 and closes under the trendline**
* Watch for rejection near 98.50 followed by strong red candle
* Downside targets:
→ **97.80**
→ **97.60**
* A breakdown below the ascending trendline = trend shift confirmation
**Conclusion**
* **Bias:** Bullish as long as DXY stays above 98.20 and trendline
* **Invalidation:** A break and close below 98.20 + trendline = bearish shift
Trade active
✅ **DXY Update: Target Hit*** **Breakout Confirmed:** Price has successfully broken above the **98.50** resistance zone.
* **Current Price:** \~**98.850**
* 🎯 **First Target Reached:** ✅ 98.70 → **Hit 98.850**
* 📈 **Trend:** Bullish momentum remains strong above EMAs and trendline.
Next Bullish Targets
* **Immediate Extension:** 99.00
* **Mid-Term:** 99.20 → 99.40
* **Psychological Level:** 100.00 (if momentum continues)
📌 Keep trailing stop-losses tight in case of a pullback near 99.00 zone.
Trade closed: target reached
Update the **DXY (US Dollar Index)** has now **successfully hit 99.00**, completing the **bullish breakout scenario** Summary:
* **Breakout above 98.50** triggered upside momentum
* Price met **target at 99.00**, confirming trend strength
* EMAs and uptrend support held firm throughout
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.
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.