DXY Monthly Analysis | Smart Money Concept + CHoCH BreakdownPair: US Dollar Index (DXY)
Timeframe: 1M (Monthly)
Strategy: Smart Money Concept (SMC) + Market Structure + Demand/Supply Zones
Bias: Bearish (Mid to Long-Term)
Breakdown:
Price reacted strongly from the monthly supply zone (110–104), showing signs of exhaustion.
Clear CHoCH (Change of Character) visible at the top structure, confirming loss of bullish intent.
Internal structure printed a liquidity sweep + FVG (Fair Value Gap) ➝ BOS ➝ lower low.
Current PA (price action) is targeting the first demand zone near 92–94, but major interest lies at the macro demand zone (85.100–84.900).
This level aligns with unmitigated historical demand and potential long-term accumulation range.
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📅 Projection:
Expecting a continuation to the downside after retesting minor imbalance zones.
Potential multi-year bearish leg forming Wave 3 (macro view).
Ideal accumulation/buy zone: 85.100–84.900 – if structure supports.
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📌 Key Levels to Watch:
Supply Zone: 110.800 – 104.600
CHoCH Level: ~102.300
Short-Term Demand: 92.000 – 94.000
Long-Term Demand (Institutional Interest): 85.100 – 84.900
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💡 Conclusion: Smart Money has exited from premium pricing, and the macro structure aligns with a bearish transition. As long as price respects current lower highs, we may see a deeper correction or possible trend reversal near 85 levels.
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