DXY Rejection at Key Resistance – Potential Drop Ahead
This chart of the U.S. Dollar Index (DXY) on the 4-hour timeframe shows a strong rejection from the highlighted resistance zone around 109.800–110.000.
Key Observations:
- Rejection at Resistance: Price attempted to break above but faced strong selling pressure, leading to a rejection.
- Possible Downtrend Formation:** The price could now move lower, targeting the 1st target zone (~109.100–109.136) and potentially the **2nd target zone (~107.500–107.480)** if the bearish momentum continues.
- Break of Structure (BoS) & Change of Character (ChoCh): The previous market structure shifts indicate potential reversals, supporting the idea of a bearish move.
Conclusion:
A pullback from resistance suggests a possible downside move. If price fails to reclaim the resistance zone, a sell-off towards the marked targets seems likely. Watch for confirmation near the 1st target to assess continuation or reversal.
Key Observations:
- Rejection at Resistance: Price attempted to break above but faced strong selling pressure, leading to a rejection.
- Possible Downtrend Formation:** The price could now move lower, targeting the 1st target zone (~109.100–109.136) and potentially the **2nd target zone (~107.500–107.480)** if the bearish momentum continues.
- Break of Structure (BoS) & Change of Character (ChoCh): The previous market structure shifts indicate potential reversals, supporting the idea of a bearish move.
Conclusion:
A pullback from resistance suggests a possible downside move. If price fails to reclaim the resistance zone, a sell-off towards the marked targets seems likely. Watch for confirmation near the 1st target to assess continuation or reversal.
עסקה פעילה
Congratulation 1st Target achieved עסקה סגורה: היעד הושג
CONGRATULATOINS ALL TARGET ACHIEVED 
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.