Dollar Index(DXY) Just Broke Out — Major Markets Could Feel It

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Dollar Index(DXY) Just Broke Out — Major Markets Could Feel ItU.S. Dollar Currency IndexTVC:DXYpejman_zwinToday, I want to give an analysis of the Dollar Index(DXY). The DXY is one of the key financial indices, as it can directly and indirectly influence assets like the S&P 500(SPX500), Gold(XAUUSD), commodities in general, and even the crypto market—especially Bitcoin(BTCUSDT). So, always consider the DXY alongside your asset and index analyses for a more comprehensive view. Currently, the DXY seems to have successfully broken its resistance lines, and the momentum of the breakout so far has been good. From a classic technical analysis perspective, the DXY on the 4-hour timeframe appears to have formed a double-bottom pattern. Right now, along with the breakout of resistance lines, the neckline of this pattern has also been broken—this could indicate further upward movement in the coming hours and days. One of the signs that makes this double-bottom pattern reliable is the positive Regular Divergence (RD+) between the two bottoms, making us more optimistic about its continuation. I expect the DXY to continue its bullish trend after pulling back to the resistance lines and neckline of the double-bottom pattern, moving up at least toward the resistance zone($100.65_$99.95). What’s your view on the DXY? Will it have a bullish continuation, and could it test $100.00 or not? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 DXY Index Analyze (DXYUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.