U.S. Dollar Index (DXY) Technical Analysis
Consolidation Phase
The price has been trading within a consolidation zone, forming a potential reversal pattern. This suggests that buyers and sellers are in equilibrium, awaiting a breakout.
Breakout Potential & Entry Area
The price is currently testing the entry area, which aligns with a key supply zone. A successful breakout above this level could lead to a continuation of the upward momentum.
Key Resistance Area
The major resistance level is observed around 106.15–106.17, where previous selling pressure has emerged. A confirmed breakout above this zone could drive the price toward higher levels.
Bullish Scenario
- A breakout and retest of the entry area could provide a strong bullish confirmation.
- Target levels could extend towards 106.50 and higher.
Bearish Risk
- Failure to break above the resistance may lead to a pullback.
- A drop below the entry area could signal weakness, pushing the price back into consolidation.
Conclusion
Traders should watch for a clear breakout confirmation above the resistance zone for a bullish continuation. If rejected, price may revert to its previous range.
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Consolidation Phase
The price has been trading within a consolidation zone, forming a potential reversal pattern. This suggests that buyers and sellers are in equilibrium, awaiting a breakout.
Breakout Potential & Entry Area
The price is currently testing the entry area, which aligns with a key supply zone. A successful breakout above this level could lead to a continuation of the upward momentum.
Key Resistance Area
The major resistance level is observed around 106.15–106.17, where previous selling pressure has emerged. A confirmed breakout above this zone could drive the price toward higher levels.
Bullish Scenario
- A breakout and retest of the entry area could provide a strong bullish confirmation.
- Target levels could extend towards 106.50 and higher.
Bearish Risk
- Failure to break above the resistance may lead to a pullback.
- A drop below the entry area could signal weakness, pushing the price back into consolidation.
Conclusion
Traders should watch for a clear breakout confirmation above the resistance zone for a bullish continuation. If rejected, price may revert to its previous range.
If you enjoy, press the like button. 🚀
İşlem aktif
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60 pips achieved from 104.000 to 104.600. İşlem elle kapatılmış
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.