Total Quality
Score
If You Had Traded on This Analysis…
Fail
DXY
Entry 98.2950 2025-08-21 03:29 UTC
Target 99.3000
Fail 97.7120 In 1 Days
Risk / Reward 1 : 2
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Final PnL
-0.59%
P/L:
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DXY
Fail
Forex
Technical
1H
Analysis Predict Bull Market
Body
The analysis focuses on the DXY, EURUSD, and GBPUSD forex pairs, and Gold. For the DXY, the market rebounded at 98.1, above the top of its channel, with a trading view issue causing a wick on the chart. The market needs to stay above 98.1 to maintain bullish momentum, with resistance at 98.50/60 and potential imbalance up to 99.3/5. Losing the 98.1 level could lead to a bearish scenario, with support at 97.7 and the channel bottom. EURUSD is holding below the trendline; as long as we are below 1.169 the trend is bearish, with key support at 1.159. GBPUSD presents a shorting opportunity from 1.3538. A breakthrough of the parallel channel indicates a trend to mid range prices and that there is the potential for a large move.
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