DXY ANALYSIS (USDOLLAR BASKET INDEX)U.S. Dollar Currency IndexTVC:DXYEric-ChemherePRICE ACTION BREAKDOWN FROM BIGGER TIMEFRAMES TO LOWER TIME FRAMES WEEKLY ANALYSIS - The weekly chart is reflecting two consecutive weeks of selling CANDLES meaning we have been experiencing a weak dollar for the pas two weeks, this was caused by many factors that are being faced in the USA ,with price trading at 98.510 currently..we might see price trading a little lower again to the 98.000 levels or maybe around 97.500 according to our technical analysis DAILY ANALYSIS -On the daily chart we see a fair value gap which was left unfilled around the 99.500 level prior to last weeks opening ,so there is a high probability that we might also see that Gap being revisited..we also see that from Tuesday the market BOUGHT all the way up to Thursday and sold the whole of Friday retracing clearing stops and unwanted orders...there is not much detail on the daily chart as markets have been up and about with a lot of things happening to the dollar index... 4HR ANALYSIS - Very strong resistance on the 4hr chart but we remain mindful that might be a stop and hold for clearing previous positions and any stop losses if there are there then we take over FUNDAMENTAL ANALYSIS - Recently we saw that the dollar was injected again with a large sum of money On April 21, 2026, the Fed was reportedly set to inject approximately $7.58 billion through repo operations. To conclude this a lot of uncertainties are still available on the dollar index we might see a weak dollar or a strong dollar but we can also utilise that gap to take short term buy trades and also we should be in the look out for short term sell trades