DXY – Key Level Broken, More Downside Ahead?

14 Feb

Hello Folks , Long time no see .

The US Dollar Index (DXY) just broke below 106.5, and things are getting interesting. The trend has been weakening, and price is now sitting at a crucial zone.

📌 Here’s what I’m watching:

107.66 is the big resistance. If price can reclaim it, bulls might have a chance.
105.48 & 104.46 are the next major support levels.


👀 My Take:
If we stay below 106.5, I expect more downside towards 105.4 and maybe 103.3. If price bounces and reclaims 107, I’ll reconsider.

What’s your view? More downside or a bounce coming? Drop your thoughts below! 🚀🔥

🚨 Disclaimer:
Just sharing ideas here—this isn’t a trade advice . Everyone sees the market differently, and the goal is to improve our analysis, not tell anyone what to do. At the end of the day, your trades are your call, your responsibility. Trade smart! 🚀📊

4 hari lalu

Dagangan aktif

Our analysis remains on point. Despite a brief price correction, the DXY has yet to test the critical resistance level at 107.669, maintaining our bearish bias.

Today's Unemployment Claims report adds a fundamental layer to our technical outlook. Should the data come in higher than expected, it could reinforce the bearish sentiment for the dollar, aligning with our projection. Conversely, lower-than-expected claims might challenge our thesis, so we'll need to stay agile.

The bias levels on the chart provide additional insights. With the price currently below 107.177, bearish momentum appears strong. A break below 106.566 and particularly 106.517 could open the door to deeper declines, with support targets at 105.493 and 104.473.

Our Analyse s suggests that unless the DXY pushes above 107.669, the path of least resistance is downward. Today's news could act as the trigger for the next significant move.