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DXY4-hourBullish

US Dollar Index (DXY) 4-hour (SMC): buy the 101.40–101.55 zone

FXFibo editorial · · 1 min read
Summary

The 4-hour structure in the US Dollar Index (DXY) is bullish: after a high at 102.358 on NFP day, price is pulling back and now trades around 101.65. The 101.40–101.55 area is the main buy zone.

BiasBullishEntry zone101.50Stop loss101.15Target 1102.00Target 2102.36StatusActive
Invalidation: 4-hour close below 101.19
US Dollar Index (DXY) 4-hour (SMC): buy the 101.40–101.55 zone

Main scenario

  • Entry zone: 101.40–101.55 (around 101.50)
  • Stop: 101.15
  • Targets: 102.00 and 102.36
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A 4-hour close below 101.19 invalidates the main scenario and opens the way to 101.19.

Key levels

  • Resistance: 101.94, 102.36, 102.54
  • Support: 101.55, 101.40, 101.19

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.