The DXY index faces multiple supply zones on the monthly and weekly timeframes. A break below key support levels could see a drop towards the demand zones and Fibonacci support levels. The fair value gaps reinforce the bearish potential if resistances are violated.
Monthly Timeframe
- Price is currently finding support between 101.652 – 99.578 support zone.
- Stronger support lies at 92.336 – 90.262.
- Resistance is found at the 0.382 Fibonacci retracement level of 105.050.
- Supply zones are forming at 107.348 – 105.360 and 114.778 – 109.535.
- Demand zone exists at 91.436 – 89.535.
- The bearish fair value gap from 109.535 – 107.348 hints at downside scope.
Support and Resistance Levels
S / R Type | High | Low |
Support Zone #1 | 101.652 | 99.578 |
Support Zone #2 | 92.336 | 90.262 |
Fibonacci Retracement Levels
0.382 | 105.050 |
0.50 | 101.990 |
0.618 | 98.829 |
0.786 | 94.750 |
0.882 | 92.201 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 107.348 | 105.360 |
Supply Zone #2 | 114.778 | 109.535 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 91.436 | 89.535 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 109.535 | 107.348 |
Weekly Timeframe
- Resistance is seen at 105.528 – 104.557 zone.
- Support lies at 101.528 – 100.705 zone.
- Fibonacci retracement levels provide resistance near 105.900 and support at 100.705.
- Supply zones are forming between 113.148 – 110.426, 106.006 – 104.848, and 104.263 – 103.064.
- Bearish fair value gaps from 110.426 – 107.993, 104.848 – 104.263, 103.064 – 102.634 signal further declines.
Support and Resistance Levels
S / R Type | High | Low |
Resistance Zone #1 | 105.528 | 104.557 |
Support Zone #1 | 101.528 | 100.705 |
Fibonacci Retracement Levels
0.382 | 103.187 |
0.50 | 103.965 |
0.618 | 104.783 |
0.786 | 105.900 |
0.882 | 106.558 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 113.148 | 110.426 |
Supply Zone #2 | 106.006 | 104.848 |
Supply Zone #3 | 104.263 | 103.064 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 110.426 | 107.993 |
Bearish FVG #2 | 104.848 | 104.263 |
Bearish FVG #3 | 103.064 | 102.634 |