🟢 Technical Analysis of the US Dollar Index (DXY) | 4-Hour Timeframe
On the 4-hour chart, the US Dollar Index has recently formed a Drop-Base-Drop (DBD) structure and is now positioned on a significant support level. This area can play a critical role in traders' decision-making for the next move.
✅ Current Situation:
After the initial drop, the price entered a short-term base/consolidation phase, then continued its decline and is now testing a demand zone (support). In this structure, two potential scenarios are worth considering:
🔼 Bullish Scenario:
If the price reacts positively to this support zone:
A rebound toward previous supply areas is likely.
Holding above the first resistance could indicate a temporary or even long-term trend reversal.
This level may provide a low-risk entry opportunity for buyers targeting a reversal.
🔽 Bearish Scenario:
If selling pressure continues and the current support breaks:
A further drop as part of a third wave (impulse) may unfold.
Lower support zones would become the next target areas for sellers.
On the 4-hour chart, the US Dollar Index has recently formed a Drop-Base-Drop (DBD) structure and is now positioned on a significant support level. This area can play a critical role in traders' decision-making for the next move.
✅ Current Situation:
After the initial drop, the price entered a short-term base/consolidation phase, then continued its decline and is now testing a demand zone (support). In this structure, two potential scenarios are worth considering:
🔼 Bullish Scenario:
If the price reacts positively to this support zone:
A rebound toward previous supply areas is likely.
Holding above the first resistance could indicate a temporary or even long-term trend reversal.
This level may provide a low-risk entry opportunity for buyers targeting a reversal.
🔽 Bearish Scenario:
If selling pressure continues and the current support breaks:
A further drop as part of a third wave (impulse) may unfold.
Lower support zones would become the next target areas for sellers.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.