U.S. Dollar Index (DXY) –Key Resistance& Bearish Target Analysis

📊 Key Observations:

🔵 Resistance Zone (📍~103.5 Level)

A strong resistance area (🔵 blue box) is marked, indicating potential selling pressure if the price reaches this level.

The price is moving upwards (📈) towards this resistance, so watch for rejection or breakout.


🔵 Support/Target Zone (📍~101.5 Level)

A lower support zone (🔵 blue box) is marked as the bearish target 🎯.

If the price fails at resistance, it may head downwards (📉) to this level.


📉 Recent Price Action:

🚀 Sharp drop followed by a rebound (📈).

The price is currently moving back up (🔼), possibly forming a lower high before another drop.


📌 Exponential Moving Average (DEMA 9 - 102.488)

The price is hovering above the 9-period DEMA (📏), showing short-term bullish momentum.

If the price rejects resistance and falls below the DEMA, a bearish continuation (📉) is likely.


🚀 Potential Scenarios:

✅ Bullish Breakout: If price breaks above 🔵 resistance, it may continue rising (📈) to higher levels.
❌ Bearish Rejection: If price fails at resistance, expect a drop (📉) towards 101.5 🎯.