USD Index Technical Outlook – Key Buy & Sell LevelsThe U.S. Dollar Index (DXY) is currently trading inside a clear downward channel, showing a bearish market structure. Price is hovering near 98.23, just below the key resistance zone between 98.5 – 99.2, where Fibonacci retracement levels (0.382, 0.5, and 0.618) also align, making it a strong supply area. As long as price remains below this zone, the bias stays bearish, with potential downside targets at 97.5 and then 96.5, in line with the channel support and Fibonacci extensions. However, if buyers manage to push above 99.2, it would signal a possible trend reversal and shift the outlook towards bullish continuation. Overall, the structure suggests that the U.S. Dollar Index is more likely to face rejection near resistance and continue lower in the short term.
🔴 Sell Zone (Short Setup)
- 98.50 – 99.20 is a strong resistance area where price aligns with the Fibonacci retracement (0.382 – 0.618) and the upper channel trendline.
- Sell Trigger: If price shows rejection (bearish candles, wicks, or reversal patterns) within this zone.
🟢 Buy Zone (Long Setup)
- 97.50 – 96.50 area is the channel support and also near Fibonacci extension levels.
- Buy Trigger: Look for bullish confirmation (bounce, bullish engulfing, or rejection wicks).
Note
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Dxyshort
DXY Intraday Overview- US Dollar Index (DXY) breached the symmetrical triangle downwards and sustained downwards.
- It indicates that sellers are still strong, hence the structure remains downwards.
🔽 If the immediate support level of 97.80 (fib level 0.786) is broken again, then the price will continue its fall to the next support zone between 97.56 - 97.50
🔼 However, if the price manages to recover and break through the resistance level of 97.90, we can expect a further rise to the level of 98.00.
DXY Analysis: Resistances Holding Strong, Is the Downtrend Back?Today, I want to analyze one of the important indices of the financial markets , the U.S. Dollar Index ( TVC:DXY ), for you, which can be a guide for taking short-long positions in the Forex , Futures , and even Crypto markets.
The DXY index fell by about -1.2% after Jerome Powell began talking about the possibility of a rate cut in September , but as the new week began, the DXY index started to rise again.
If we look at the DXY Index chart on the 1-hour time frame , we can see that the DXY Index reacted well to the Resistances and started to decline.
The Resistances for the DXY Index include:
Resistance zone($98.843-$98.575)
Monthly Pivot Point
100_SMA(Daily)
In terms of Elliott Wave theory , it seems that this increase in the DXY Index over the last two days has been in the form of corrective waves . The structure of the corrective waves is Zigzag Correction(ABC/5-3-5). By breaking the Support lines , we can confirm the end of the corrective waves .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect the DXY Index to decline to at least the Support zone($97.989-$97.834) AFTER breaking the Support lines .
Second Target: $97.650
Third Target: $97.450
Stop Loss(SL): $99.000
Note: With the DXY Index declining, we can expect more hope for a weakening of the U.S Dollar's strength in the major Forex pairs .
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U.S. Dollar Index Analyze (DXYUSD), 1-hour time frame.
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Gbpusd lond idea I like that we took London sell-side liquidity and then shifted back into the range. I am bearish dollar until we take at least one weekly low.
Right now i want to see some pullback as depicted and then a run on some buy-side liquidity as depicted and maybe PDH.
This will be another simulated trade setup.
BEARISH CONTINUATION FOR DXYBearish Bias for CAPITALCOM:DXY
Weekly context:
The last up-move failed to print a new weekly high. Failing to create a shift in structure , so rallies are suspect.
4H structure:
We had a hard bearish displacement (large down candles) that erased prior price action and kept going without delivering a “full” rebalance. That usually means the price target remains lower .
The key zones on chart
Breaker / sell zone: \~ 97.45–97.75 (teal box). This is the prior bullish OB that failed (now acting as resistance).
Line in the sand: \~ 97.35–97.40 (dashed line through the teal). A decisive 4H close below here signals continuation.
Upside cap / invalidation area: 98.12 (cyan line) up to \~ 98.20 . Above this, the bearish sentiment weakens.
Primary downside draw: 96.478 (orange line). That’s the next obvious liquidity/inefficiency magnet on your chart.
Trade plan
Idea A — Rejection short from the breaker (preferred):
Entry: look for a rejection setup inside 97.45–97.75 (e.g., 15m/1h bearish shift after a sweep).
Stop: above the breaker and the cyan line ⇒ 98.12 (conservative) or 98.20 (safer).
Targets:
T1: 96.84 (take partials; pay yourself)
T2: 96.47.00
Idea B — Continuation after the break (confirmation play):
Trigger: a 4H close below \~97.35 .
Entry: sell the first clean pullback into 97.35–97.45 .
Stop: above 97.85–98.00 (back inside the breaker); conservative stop 98.12 .
Target: 96.478
Management & invalidation
If price rebalances deeper and closes 4H above 98.12–98.20 , the breaker is failing. Flatten shorts; reassess (potential squeeze toward 98.60–99.00 is then on deck).
If price hesitates at 97.00 , trail above the last 1H swing high to protect realized PnL while aiming for 96.478 .
News risk: Your chart flags upcoming US data (icons). Expect wicks; use hard stops and consider sizing down around releases.
Why this makes sense
* The strong displacement leg sets the draw lower.
* The teal box is a bearish breaker created by a failed bullish structure—ideal for “sell on rally.”
* The market rebalanced the prior up-close leg already; the lack of a symmetrical rebalance on the down-leg favors continuation to the next target ( 96.478 ).
One-liner: Bearish while 4H stays under 98.12 ; sell rallies into 97.45–97.75 or sell a 4H close-and-pullback below 97.35 ; scale out 97.20 → 97.00 → 96.80 → 96.478 ; hard stop above 98.12–98.20 .
*Not financial advice. Size appropriately and stick to your stop.*
PLEASE PUA!
Gbpusd possible long ideaI am looking at what looks like a draw on sell-side liquidity under equal lows during London then a shift thereafter.
I want to see NY pull back into the range between London swing low to current swing high and find support before expanding to at least PDH.
That would be another simulated long setup.
DXY Comprehensive AnalysisThe US Dollar Index (DXY) is currently trading around 98.14, struggling near the 0.618 Fibonacci retracement at 98.33, where strong resistance has capped further upside.
The RSI shows hidden bearish divergence, signaling potential weakness despite the recent bounce.
Price action remains within a broader downtrend channel, and repeated failures to sustain above 98.30 indicate fading bullish momentum.
Immediate support is seen near 98.00, any bearish break out will lead the prices towards 97.79 (Fib 0.786), followed by 97.50, which could attract sellers if broken.
On the upside, only a decisive break above 98.33–98.70 would shift intraday sentiment bullish toward 99.08.
For today, the bias leans bearish as long as DXY trades below 98.30, with intraday traders likely eyeing short setups on rejection patterns targeting the lower supports.
Gold (XAUUSD) Brief Analysis- Gold (XAUUSD) is currently trading around 3350, consolidating within a symmetrical triangle pattern after finding support near the 3330–3338 zone (Fib 0.5 and trendline support).
- The RSI is hovering near 50, showing a balanced momentum, while prices have broken out of the short-term descending trendline, suggesting potential bullish continuation.
- For intraday trading, our bias remains bullish, and a sustained breach above the 3355 Fib 0.382 level could open the path toward 3365 and 3376 resistances.
- On the downside, immediate support lies at 3338, followed by 3328, and only a break below these levels would negate the bullish setup.
- Traders may look for buying opportunities on dips above 3355 with tight stop losses, targeting the upside levels.
DXY Comprehensive AnalysisThe US Dollar Index (DXY) on the 4H chart remains under pressure, trading near 97.71 and holding below the key resistance zone of 98.20–98.30, aligned with the 20 SMA (middle Bollinger band) and 0.786 Fibonacci retracement (97.78), signaling a firm bearish bias.
Price action might continue to respect the descending trend, with recent candles showing rejection from the upper boundary and pointing toward a possible retest of 97.50–97.10 support levels. However, it will be crucial for prices to breach the fib level 0.786 and sustain lower.
Bollinger Bands are moderately compressed, suggesting controlled volatility, while RSI at 42 indicates weak momentum with a hidden bearish divergence (prices making lower highs and RSI making constant highs), reinforcing downside potential.
Unless the index reclaims 98.30 on strong buying, intraday traders may look for short opportunities on pullbacks, targeting 97.50 and then 97.10.
With no major data releases today, technical levels are likely to drive moves, and continued dollar weakness could support risk assets like equities and commodities, particularly gold and emerging market currencies.
DXY ready to drop again?DXY has done false breakout in the beginning of the week with strong rejection to the upside. Upon rejection, price has pulled back to 38.2% fib along with daily resistance retest and price has strongly rejected from 98.70 showing further downside with another wave to 98.32 has rejected with strong liquidity candle that continue to drop as 4h, has formed liquidity candle with false breakout at 98.00, there is higher probability to drop to support.
US Dollar Index (DXY) 4-Hour Chart4-hour chart of the US Dollar Index (DXY) from CAPITALCOM. The chart shows the price movement of the DXY from early July to early September. The current price is 98.131 with a 0.28% increase. The chart features a candlestick pattern with green (upward movement) and red (downward movement) bars. A sell signal is indicated at 98.132, and a buy signal is at 98.186. The chart also includes highlighted zones (red and green rectangles) indicating potential trading ranges or areas of interest between approximately 98.621 and 97.379.
US Dollar Index (DXY) - 4 Hour Chart4-hour chart from CAPITALCOM displays the recent performance of the US Dollar Index (DXY), showing a current value of 98.190 with a slight decline of 0.009 (-0.01%). The chart highlights key price levels, including a recent sell signal at 98.189 and a buy signal at 98.243, with a resistance zone marked between 98.195 and 98.479. The index has experienced fluctuations, with notable drops and recoveries, and is currently trending near the 98.190 level as of July 29, 2025.
Analysis on the DXY – EURUSD RelationshipHello traders,
Here’s an analysis that can be useful for both short-term and swing trades on EURUSD and DXY. Our trading team’s calculations are as follows:
Analysis on the DXY – EURUSD Relationship
Currently, DXY is at 98.200. Historical statistical data indicate that if DXY declines toward 96.300, there is approximately a **1.55% probability of an upward move** in EURUSD.
Based on this scenario:
Current EURUSD level: 1.16500
Projected target level:1.1830
While the correlation data show a strong inverse relationship, it’s important to note that periodic deviations can occur in the market. Therefore, this analysis should be considered a statistical projection only, not a guaranteed outcome.
US Dollar Index - 4h Chart (CAPITALCOM)4-hour chart of the US Dollar Index (DXY) from CAPITALCOM shows the index's recent price movements. The current value is 96.955, with a slight increase of 0.054 (+0.06%). Key levels include a support at 96.413 and resistance at 97.554. The chart highlights buy signals at 97.012 and sell signals at 96.958 and 96.955, with a notable downward trend breaking below a support zone around 97.150.
US Dollar Index 4-hour time frame, showcasing the US Dollar Index's performance over this period.
- The index is currently at 97.385, with a decrease of 0.636 (-0.65%) from its previous value.
- A red box indicates a "SELL" signal at 97.385, while a blue box suggests a "BUY" signal at 97.439.
- The chart includes various technical indicators, such as moving averages and relative strength index (RSI), to help traders analyze market trends.
7.22 London Gold Market Analysis and Operation SuggestionsFrom the market perspective, the trend suppression line from the historical high of 3500 to the secondary high of 3452 has moved over time and is now around 3420, which can be used as an important resistance level reference for this week; the previous resistance level of 3376 can be converted into support after breaking through. For intraday short-term operations, focus on this range of callbacks and go long, wait for the key resistance level to be touched before going short, or see if there is an opportunity to arrange a mid-term short order based on the real-time trend.
Specific intraday operation ideas:
①. When the gold price falls back to around 3380, participate in long orders and call, protect the position of 3374, and first look at the position of 3402, the high point on Monday;
②. After yesterday's high point breaks, wait for a correction to around 3395 to continue to participate in long orders and call, protect the position of 3388, and look at the key suppression level of 3420;
③. (Aggressive orders, for those who are afraid of missing out) If you are short or have enough positions, you can first participate in long orders with a light position at the current price of 3388, and wait for 3380 to increase your position, and the target is the same as above.
Analysis of short-term gold trading on July 22Technical aspects:
From the daily candlestick chart, gold has recently shown signs of breaking upward after five weeks of sideways fluctuations. In terms of MACD indicators, the MACD bar chart has turned from green to red, and the fast and slow lines have formed a "golden cross", strengthening the expectation of a short-term technical rebound.
At the same time, the 14-day RSI index rebounded to 57.67, still in the neutral and strong area, and has not yet entered the overbought area, indicating that the price still has room to rise. Analysis shows that the middle track of the Bollinger Band 3342 constitutes initial support, while the strong support below is at the two previous lows of 3247.87 and 3120.64.
If the bulls maintain their advantage above the integer position of 3400, they are expected to hit the high point of 3451.14 in the short term, and even further test the historical high of 3499.83; on the contrary, if they fall back below 3342, the short-term upward momentum will be tested.
Bull analysis:
If gold successfully stands above 3400, the market will turn its attention to the two key resistance areas of 3451 and 3499, the high point of the year. Breaking through the former will open up the space to test the historical high upward; combined with the current MACD golden cross pattern, if the capital side and the fundamentals continue to cooperate, it is not ruled out that there will be a short-term accelerated rise.
Bear analysis:
If the breakthrough fails, especially if gold falls back below the middle track of Bollinger, the adjustment pressure will be restarted, and the lower edge of the previous consolidation range of 3300 will constitute an important support. If it falls below again, it is necessary to pay attention to the important technical support near 3247 and the 100-day moving average of 3180.
U.S. Dollar Index Loses Key Support – Crypto Bull Run Loading?The U.S. Dollar Index (DXY) has just broken below a long-term ascending channel, which has held since 2008. After losing the key horizontal support (~100 level), DXY retested and rejected from it (red circle), confirming a potential trend reversal. The move is technically significant and hints at further downside, possibly toward the 88–90 zone or lower.
This breakdown aligns with classic macro cycles, where a weaker dollar often fuels bullish momentum in risk assets, especially crypto. Historically:
-DXY downtrends in 2017 and 2020–2021 coincided with major Bitcoin and altcoin bull runs.
-DXY strength during 2018 and 2022 contributed to crypto bear markets.
With DXY now below both horizontal and diagonal support, Bitcoin and the broader crypto market may be entering the next expansion phase, especially if the dollar continues its downward trajectory
-DXY has broken below a 17 year rising channel – a macro bearish signal.
-Rejection from former support turned resistance confirms breakdown.
-A falling DXY historically corresponds with Bitcoin rallies and altseason expansions.
-Declining dollar strength could be the fuel that propels Bitcoin past $140K and Ethereum above $6K.
-A dollar bear trend may fuel total crypto market cap breakout beyond $4T+.
As DXY weakens, liquidity tends to rotate into risk-on assets like crypto. This setup mirrors pre-bull run environments seen in 2017 and 2020. A structural breakdown in the dollar could act as a catalyst for Bitcoin’s next major leg up.
Cheers
Hexa
7.22 Gold falls back and continues to be bullish, 3400 is not thFrom the 4-hour analysis, the short-term support below is 3370, the important support is 3350-55, and the upper resistance is 3400-05. The overall support during the day is to maintain the main tone of high-altitude and low-multiple cycles in this range. For the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.