Since the start of the year, after forming a small double top around the 110 zone, the US Dollar Index (DXY) has followed only one direction: down.
So far, we’re seeing a decline that’s approaching 15%, with the index breaking multiple major support levels along the way. And judging by the current structure, there’s little reason to believe this trend will reverse any time soon.
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🔍 Short-Term View – Flag Break, More Losses Ahead
Zooming in, we can observe that the last rally was purely corrective — a typical bear flag formation. That flag is now broken to the downside, which confirms renewed bearish pressure and suggests that further losses are likely even in the short term.
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🎯 What’s Next?
The next major support zone sits around 95, a level that should act as a magnet if the current trend continues.
As long as price stays under 100 ZONE, the outlook remains bearish and the strategy should align with that bias.
________________________________________
✅ Strategy Going Forward
The safe and logical approach now is to buy dips on major USD pairs:
EURUSD, GBPUSD, AUDUSD, and NZDUSD
________________________________________
📌 Final Thought
The structure is clear, momentum favors the downside, and the market is offering clean setups across multiple USD pairs.
Don’t fight the trend — follow the flow. 🟢
So far, we’re seeing a decline that’s approaching 15%, with the index breaking multiple major support levels along the way. And judging by the current structure, there’s little reason to believe this trend will reverse any time soon.
________________________________________
🔍 Short-Term View – Flag Break, More Losses Ahead
Zooming in, we can observe that the last rally was purely corrective — a typical bear flag formation. That flag is now broken to the downside, which confirms renewed bearish pressure and suggests that further losses are likely even in the short term.
________________________________________
🎯 What’s Next?
The next major support zone sits around 95, a level that should act as a magnet if the current trend continues.
As long as price stays under 100 ZONE, the outlook remains bearish and the strategy should align with that bias.
________________________________________
✅ Strategy Going Forward
The safe and logical approach now is to buy dips on major USD pairs:
EURUSD, GBPUSD, AUDUSD, and NZDUSD
________________________________________
📌 Final Thought
The structure is clear, momentum favors the downside, and the market is offering clean setups across multiple USD pairs.
Don’t fight the trend — follow the flow. 🟢
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.