Index/US) Bearish trend analysis Read The caption)

SMC trading point update



Technical analysis of U.S. Dollar Index (DXY) on the 30-minute timeframe, with the price respecting a clear downtrend and repeatedly rejecting a resistance zone near the 200 EMA.


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Analysis Breakdown

Key Technical Elements:

1. Downtrend Structure:

The price remains within a descending channel.

Multiple lower highs and lower lows signal sustained bearish pressure.



2. Resistance Zone:

Highlighted near 98.490–98.495, aligned with the EMA 200.

Multiple rejections from this level (indicated by red arrows), confirming strong supply.



3. EMA 200 (98.490):

Acts as dynamic resistance.

Price is below it, reinforcing the bearish bias.



4. Projected Move:

Bearish price path targets the 97.189 level (target point).

A measured move of approximately -1.30% is illustrated.



5. RSI (14):

RSI currently at 46.27, below the neutral 50 mark.

This confirms bearish momentum without being oversold, leaving room for further downside.





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Bearish Thesis:

Repeated failure to break above key resistance + downward channel + RSI weakness suggests a continuation to the downside.

Short-term consolidation expected before breakdown continuation.



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Trade Idea Concept:

Entry: Sell on a minor pullback near resistance (~98.300–98.490), or breakdown below the recent minor support.

Target: 97.189 zone.

Stop Loss: Above 98.500 or EMA 200 to invalidate the bearish setup.


Mr SMC Trading point


Risks to Watch:

A break and strong close above 98.500 would invalidate the bearish structure and could initiate a trend reversal.

Economic events (noted by calendar icons) may trigger volatility – ideal to monitor closely around those times.



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