DXY Analysis (4H / 6M Outlook)

Wait 5 sec.

DXY Analysis (4H / 6M Outlook)U.S. Dollar Currency IndexTVC:DXYYVS_On the higher timeframe (6M), DXY continues to show a bearish scenario with liquidation and further downside pressure. On the monthly chart, a CHoCH formation aligns with the COT reports, confirming continuation of the same narrative we’ve seen in recent weeks. Looking at the chart, price is rejecting supply zones and struggling to hold above the descending trendline. We could still see one last liquidity grab in the 99.2–99.7 zone before the drop resumes. My main target remains 97.0–96.5, which could be reached this week or next if the market doesn’t choose to accumulate longer. From there, I would expect a potential retracement towards the 105.0 zone before deciding on longer-term direction. Keep in mind: with a possible Fed rate cut in the coming weeks, DXY could enter a ranging phase to define its next move toward those key zones. πŸ“‰ Bias: Bearish 🎯 Short-term target: 97.0 – 96.5 πŸ“Œ Possible final liquidity grab: 99.2 – 99.7 πŸ“ˆ Potential retrace: 105.0