U.S. Dollar Index (DXY) - Bearish Breakdown or Reversal?

1 Apr

📊 U.S. Dollar Index (DXY) - 4H Chart Analysis

🔵 Supply Zone (104.400 - 104.683)
🟦 Resistance area where sellers may step in 📉

🟡 Key Level (~104.200)
🟧 Decision point – price struggling to hold this level

📉 Trend Line (Broken) 🔻
❌ Previous uptrend is broken, signaling potential bearish momentum

🟢 Demand Zone (103.200 - 103.400)
🟩 Support area where buyers may get active 📈

🚀 Potential Market Movement:

1️⃣ Bearish Breakdown Expected ⬇️
🔹 Price broke below trendline ➡️ selling pressure increasing
🔹 Possible pullback to key level (~104.200) before more downside
🔹 Targeting demand zone (~103.200-103.400) 🎯

2️⃣ Invalidation/Stop-Loss 🚫
🔺 If price moves back above 104.683, bearish setup is invalid
🔺 Stop-loss placed at 104.683 for risk management

🎯 Trading Strategy:

✅ Short Entry: After pullback near 104.200
🎯 Target: 103.200 demand zone
⚠️ Stop Loss: Above 104.683

6 Apr

Dagangan ditutup: sasaran tercapai

6 Apr

Nota

Chart Analysis Recap
➡️ Supply Zone Hit & Rejected
* Price entered the supply zone (104.400 - 104.683)
* Sharp rejection followed
(Supply worked perfectly!)
⚠️📉

Trend Line Break
* Break of the rising trend line
* Confirmed with a retest and further drop
🪓📉

Key Level Broken
* Price snapped below the key level
* Signaled further bearishness
🔑❌⬇️

Demand Zone Smashed
* Price didn’t just touch the demand zone
* It sliced through like butter!
🧈🔪📉

Target Hit!
* Final target ~103.000
* Price dropped to 102.892
* All bearish targets achieved!
✅🎯🔥

Summary:
* This was a clean bearish play from top to bottom
* Textbook: Supply ➝ Trendline Break ➝ Key Level ➝ Target
* Chef’s kiss on that TA