US Dollar Index (DXY) – 4H Chart Analysis

24 Jul

US Dollar Index (DXY) – 4H Chart Analysis

**Current Trend:** Bearish

Price trades below EMAs, Ichimoku Cloud, and within a bearish channel.

#**Bearish Scenario (Favorable)**

* **Conditions:**

* Price remains below EMA 7 & 21
* Stays under Ichimoku Cloud and 96.812 resistance (R1)
* Lower lows forming, bearish momentum increasing

* **Confirmation:**
Break below **96.37 (blue zone)**

* **Target:**

* TP1: 96.00
* TP2: 95.60 (next weak support)

**Bullish Scenario (Reversal)**

* **Conditions:**

* Price must break above **96.81 (EMA 7 + resistance)**
* Break above **R1 → 96.90**, and then above **R2 → 97.14–97.19**
* Bullish candles close above the Ichimoku cloud

* **Confirmation:**
Break and retest of **97.20**

* **Target:**

* TP1: 97.39
* TP2: 97.58 (key structure)
* TP3: 98.00 (major resistance)

**Bias:** Bearish unless DXY breaks above **97.20** with strong volume and bullish structure.

25 Jul

Dagangan aktif

📌 **DXY Sell Trade Update**

❌ **Trade Outcome: Loss**

* entered a **sell** while DXY was bearish.
* However, price **broke above key resistance (97.20)** and confirmed a **bullish reversal**.
* **sell setup got invalidated** as:

* Price moved **above EMA 7/21**
* **Ichimoku Cloud break**
* Strong **bullish momentum** continued to **97.30**



🔄 **Current Market Structure: Bullish**

* ✅ Reversal confirmed above **97.20**
* 🎯 Bullish targets now:

* **TP1:** 97.58
* **TP2:** 98.00

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**What to Do Now**

* **Exit any remaining sell** (if not already stopped out).
* Watch for a **pullback to 97.20–97.25** to **enter buy** with trend.

30 Jul

Dagangan ditutup: sasaran tercapai

DXY Update

The **bullish breakout scenario played out successfully**, with the **Dollar Index (DXY)** rallying to **98.650**, just shy of the **98.800 target zone**.

Quick Recap of the Bullish Setup

* **Breakout confirmed** above key level (97.400 & EMA zone
* **Target 1 (98.800)**: Almost reached → **98.650 hit**
* **Strong momentum** supports further upside

Next Bullish Levels to Watch:

* **Target 1:** 98.800 (likely to be tested soon)
* **Target 2:** 99.200–99.400 (mid-term zone)
* **Extended Target:** 100.000+ (psychological resistance)