avatar
· Views 304
( DXY - U.S. Dollar Index ) ———  Market Structure Main trend: Short-term downtrend.  - After being strongly rejected at the Supply Zone 98.50 – 98.60, DXY continues to form lower highs.  - Currently, price is sitting near the short-term bottom area and may retrace before continuing lower. ———  Key Supply – Demand Zones  - Supply Zone: 98.50 – 98.60 (strong resistance, already retested with strong selling reaction).  - Intermediate Price Range: 97.93 – 98.15 (nearest resistance area where selling pressure may return if price retraces).  - Demand Zone: 97.58 – 97.60 (potential support if price continues to drop). ———  Implications for Forex & Gold  - If DXY drops: USD weakens → Gold (XAUUSD) and pairs like EURUSD, GBPUSD tend to rise.  - If DXY breaks above 98.60: USD strengthens → Gold and USD pairs may face downward pressure.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Reply 0

Leave Your Message Now

  • tradingContest