DXY Technical Outlook – April Week 2
After Trump’s tariff announcement shook the markets last week, the Dollar Index (DXY) dropped sharply into an extreme daily demand zone (102.000–101.500) and responded with strong bullish pressure by Friday’s close.
If fear continues into Monday, DXY could extend higher. The key area to watch is 103.500, a solid resistance zone. A clean breakout above this level could trigger an aggressive rally toward 105.500–106.000, where major supply lies.
Bias: Bullish
Key Levels:
• Support: 102.000 – 101.500 (extreme demand zone)
• Resistance 1: 103.500
• Resistance 2: 105.500 – 106.000
This week, USD could be one of the strongest assets if risk-off sentiment continues and equity markets remain under pressure.
—
Weekly forecast by Sphinx Trading
Let me know your bias in the comments.
#DXY #USD #DollarIndex #ForexAnalysis #SphinxWeekly #TrumpTariffs #RiskOff #MacroView
After Trump’s tariff announcement shook the markets last week, the Dollar Index (DXY) dropped sharply into an extreme daily demand zone (102.000–101.500) and responded with strong bullish pressure by Friday’s close.
If fear continues into Monday, DXY could extend higher. The key area to watch is 103.500, a solid resistance zone. A clean breakout above this level could trigger an aggressive rally toward 105.500–106.000, where major supply lies.
Bias: Bullish
Key Levels:
• Support: 102.000 – 101.500 (extreme demand zone)
• Resistance 1: 103.500
• Resistance 2: 105.500 – 106.000
This week, USD could be one of the strongest assets if risk-off sentiment continues and equity markets remain under pressure.
—
Weekly forecast by Sphinx Trading
Let me know your bias in the comments.
#DXY #USD #DollarIndex #ForexAnalysis #SphinxWeekly #TrumpTariffs #RiskOff #MacroView
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