21/04/2025
📉💵 Dollar Index (DXY) 15-Min Chart Analysis – April 21, 2025 💵📉
“Smart money doesn’t chase, it plans.”
🚨 Price Action Recap: On the 15-minute timeframe, DXY has been in a clear downtrend, forming consistent Breaks of Structure (BOS) to the downside. After multiple failed attempts to reclaim higher levels, price respected the Strong High near 99.70, confirming bearish intent.
🔍 Key Technical Highlights:
✅ Major Rejection near 99.60–99.70 (Strong High zone) followed by aggressive selling pressure.
❌ Liquidity grab above previous highs followed by CHoCH (Change of Character) and subsequent BOS — classic distribution pattern.
📉 Sharp bearish impulsive move with successive BOS marked around 98.80, 98.40, and now breaking below 98.10, pushing DXY to a fresh Weak Low near 98.05.
📛 Minor supply zones formed along the way have all been respected, confirming the dominance of sellers.
🧭 The EMA cluster (especially the 50 & 200 EMAs) shows a clear downward slope, adding dynamic resistance pressure.
🧱 Support & Demand:
Current price is approaching a weak low; short-term relief bounce might happen.
Watch out for potential minor pullback towards 98.20–98.30, which aligns with the nearest supply zone.
🚩 Bias: Bearish Continuation until structure shifts. If 98.05 is cleanly broken and retested, next logical targets could be around 97.70–97.50 zone.
🧠 Smart Money Concepts:
Equal Highs swept for liquidity – indicating engineered stops for distribution.
CHoCH + BOS combo confirms reversal and continuation patterns.
Price respecting lower highs and failing to reclaim broken demand – textbook downtrend structure.
📊 Trading Plan (Not Financial Advice):
Look for pullback entries at supply zones (98.20–98.30).
Keep an eye on PA (price action) at 98.00 – if broken, continuation trades towards 97.50.
Set alerts near EMA touches for rejection confirmation.
📅 Date: April 21, 2025
⏰ Timeframe: 15M
📍 Context: Intraday/Swing traders can capitalize on clean structure flow.