DXY Analysis – Is the Uptrend Over?U.S. Dollar Currency IndexTVC:DXYMihai_IacobDXY has been in a well-defined uptrend since the beginning of the year. However, after reaching its yearly high near 102, the structure gradually began to weaken. The first warning came after the normal correction from that high. Dollar bulls made another attempt to reclaim the 102 resistance area, but the move failed once again. This second rejection suggested that buyers were losing momentum and that the market was struggling to sustain higher prices. The weakness became more evident when DXY broke below two important support levels: - The technical support around 100.50 - The major psychological level at 100 After reaching the 99.40 area, buyers tried several times to regain control. However, every recovery toward 100 was met with renewed selling pressure. What had previously acted as support was beginning to behave as resistance—a meaningful change in market structure. Last week provided another important bearish signal. DXY pushed back toward 100, but the move was rejected aggressively. This time, the index also broke below the rising trend line that had supported the entire advance since the beginning of the year. Friday’s weekly close came exactly around horizontal support, temporarily leaving the market at a decision point. However, the beginning of this week brought another break below that level, adding further confirmation that sellers are taking control. Has the Trend Changed? There is now a high probability that the bullish trend has ended—or, at the very least, entered a deeper corrective phase. The combination of: - Two failures near the yearly high - The break below 100.50 - The loss of the psychological 100 level - Repeated bearish rejections from 100 - The break below the rising trend line - And now the loss of horizontal support creates a strong bearish technical picture. As long as DXY remains below 100, the path of least resistance is to the downside. In this context, recoveries toward the 100 area should be treated as potential selling opportunities rather than immediate evidence of a bullish recovery. The next major downside target is around 98.50, where DXY should encounter its next important support zone. For now, 100 is the line in the sand. A sustained recovery above it would force traders to reassess the bearish scenario. Until that happens, the pressure remains firmly to the downside.