DXY: HTF Analysis (72D)

What’s Happening Now on the High-Timeframe?
The DXY measures the strength of the U.S. dollar against other major currencies. On the 72-day chart, we’re seeing signs of a potential shift, but the overall trend is still in downtrend territory. Keep an eye on how the price reacts to these levels and stay ready to adjust your strategy!

RESISTANCE (Areas where price struggles to rise above):
If Resistance holds firm, Price Action could reach Support I (see below)
If Resistance is strong, Price Action could short to Support II (see below)

• 118.53 (Sell Limit Order II): the 2nd resistance level for sellers
  
• 117.09 (Supply Zone): This is a hard ceiling for now, far above the current price.
  
• 113.50 (Sell Limit Order I): the 1st resistance level for sellers
  
• 110.29 (Resistance) If the price keeps getting stuck here, it might fall back down.
  

SUPPORT (Areas where price might stop falling):

• 100.4180 (Support I): The first major safety net if the price drops.
  
• 95.8590: A deeper support that could attract buyers.
  
• 93.96 (Support II): The second major safety net if the price drops.
  
• 89.9269: A historical level where prices have bounced in the past.
  

OSCILLATORS (Measure speed or momentum of price)

• Relative Strength Index (RSI): At 81.36, it suggests the price is overbought, meaning it’s been rising too fast and might slow down.
  
• Commodity Channel Index (CCI): At 134.004, it’s signaling a potential SELL since the price might drop soon.
  
• Momentum: Shows a weak SELL signal, suggesting the upward speed is losing steam.
  
• MACD: Shows a small BUY signal, meaning there’s still some upward energy left.
  

MOVING AVERAGES (Track average price over time)

• Most moving averages (10-day, 20-day, etc.) show a BUY, meaning the price has been above its averages and is in an uptrend for now.
  
• Hull Moving Average: Shows a SELL signal, hinting at potential short-term weakness.
  

KEY TAKEAWAYS

• The Good News (for buyers): The moving averages suggest that DXY is still in an upward move on shorter timeframes, with prices above key averages.
  
• The Bad News (for sellers): Oscillators like the RSI and Momentum show that the current upward push might be losing strength. The market might correct (fall) soon.
  
• If the price struggles to break 110.2990, it might fall back to 100.4180.
  
• A breakthrough above 112.5000 could lead to a move toward the 118.5326 zone.
  
• Even though we’re seeing some upward action now, the bigger trend is still downward. A reversal would need sustained movement above major resistance.
  
• If price falls: Look for potential rebounds around 100.4180 or 95.8590.
  
• If price rises: Be cautious as it approaches 112.5000, where sellers might come back in.
  
• Right now, DXY is facing challenges near 110.3990. If it can’t push higher, it’s likely to fall back to lower levels.
  
• Moving averages suggest strength, but oscillators are hinting at exhaustion. This mix of signals means you should be cautious and wait for clear moves.