U.S. Dollar Index (DXY) – Bearish Breakdown Below Uptrend

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U.S. Dollar Index (DXY) – Bearish Breakdown Below UptrendU.S. Dollar Currency IndexTVC:DXYSMART_MONEY_CIRCLEThe 1-hour chart of the U.S. Dollar Index (DXY) shows a weakening bullish structure after price broke below a previously established ascending trendline. Following the breakdown, the index failed to sustain gains above the Ichimoku Cloud resistance zone and is currently trading around **99.143**. Price action indicates increasing bearish momentum as sellers push the index below short-term support. The highlighted projection suggests a potential continuation lower, with a series of lower highs and lower lows developing after the trendline break. The Ichimoku Cloud ahead remains relatively flat, signaling limited support until lower levels are tested. A confirmed move below the recent swing lows could accelerate downside pressure. **Target:** 🎯 **98.904** **Key Levels:** * **Current Price:** 99.143 * **Immediate Resistance:** 99.145 – 99.300 * **Trendline Resistance:** Broken ascending channel * **Bearish Target:** **98.904** **Bias:** Bearish below 99.145, with a projected decline toward **98.904** as long as price remains under the broken uptrend structure and cloud resistance.