DXY | Breakout channel – Is the Dollar Gearing Up for A Move?

5月6日

The DXY has been trapped in a descending channel for several weeks showing persistent bearish momentum However recent price action is showing signs of a shift in sentiment
Trend-line Break We've now broken above the short-term descending trend-line signaling a potential reversal
Consolidation Zone Price has been ranging between the 98.800 - 100.000 levels forming a base for a potential push higher

Key Levels to Watch
Immediate resistance 100.400 (break and close above could trigger strong bullish momentum)
Mid-term target 101.300
Psychological target: 102.800

Two possible scenarios
Bullish Breakout: A strong breakout above 100.400 could lead to a swift move toward 102.800 especially if momentum increases and the dollar gains strength
Short-term pullback If rejection occurs at 100.396 we may see a retest of the 99.197 or even 98.877 support zone before bulls regroup
Conclusion The bias is shifting to bullish as the structure evolves Keep an eye on the 100.396 resistance – a decisive move above it may unlock fresh upside potential for the dollars

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TrendLinford!

5月6日

交易進行

5月9日

註釋

consolidation breakout new trade on!