DXY Daily Analysis

Last Week’s Review:

Monday: Bullish delivery as price continued higher.

Tuesday: Price maintained bullish momentum but failed to take out the previous high, leaving equal highs — liquidity resting above.

Wednesday: That liquidity was swept as price reached into the weekly fair value gap, completing delivery to the premium array and initiating bearish distribution.

Current Outlook:

On the daily chart, we’re still trading deep inside premium, and price is showing clear signs of exhaustion after that delivery into the weekly FVG. With bearish distribution now in play, my bias remains bearish. Any short-term push back into the 0.75 quadrant, I’ll treat as a retracement — a chance for price to reprice some lower-timeframe inefficiencies before the next leg lower. On the 4H chart, I’ll be watching for price to trade back into short-term FVGs or inefficiencies that align with this overall bearish narrative.