DXY- 4 HOUR TIMEFRAME ANALYSIS U.S. Dollar Currency IndexTVC:DXYenwemadufranklyn1989This is a clean and valid bullish channel on the U.S. Dollar Index (DXY), 4-hour timeframe. Let’s break it down technically and structurally 👇 --- 🔹 Overall Trend: Strong Bullish Structure The DXY is trending inside a well-defined ascending channel, showing higher highs and higher lows — the classic hallmark of a bullish trend. Each time price touches the lower boundary (support trendline), buyers step in strongly, creating fresh impulsive waves upward. The slope of the channel is consistent, confirming that bullish momentum is steady, not parabolic. --- 📊 Key Technical Levels Current Price: 99.45 – 99.50 Upper Channel Resistance: Around 99.90–100.10 zone Midline Area: Approximately 98.90–99.00 (often acts as short-term support/resistance) Lower Channel Support: Around 97.50–98.00 --- 🧭 Market Behavior 1. Momentum: Price has recently broken above the last minor consolidation range and is now heading toward the upper boundary of the channel. This confirms a fresh bullish impulse leg. 2. Buyer Control: The last few candles show strong bullish bodies with minimal wicks — indicating that buyers are dominating with little resistance so far. 3. Trend Continuation Bias: The structure suggests continuation toward the upper trendline before any major correction occurs. --- ⚠️ What to Watch Next Scenario 1 – Continuation: If price maintains above 99.30–99.40, it could continue climbing toward the upper channel around 99.90–100.00. → That’s your short-term bullish target. Scenario 2 – Pullback: If there’s a rejection near the upper boundary (especially with long upper wicks or bearish engulfing), expect a retracement toward the midline (≈99.00) or even lower channel (≈98.00) for the next accumulation phase. --- 📈 Trading Insights Buyers’ Edge: Buy retracements near the lower or midline of the channel as long as structure holds. Profit Zones: Scale out or take profit near upper channel touches (~99.90–100). Invalidation: A decisive break below 97.50 would invalidate the bullish channel and suggest a structural shift. --- 🔍 Institutional Context Given DXY’s rise, this movement typically implies: EURUSD and GBPUSD may face downward pressure. Gold (XAU/USD) and Silver (XAG/USD) may pull back due to inverse correlation.