# DXY Stays Within Bullish Trend Structure

> DXY index remains within broader bullish trend structure as price action shows bearish shift.
- Title: DXY Stays Within Bullish Trend Structure · TradingView
- Summary: DXY index remains within broader bullish trend structure as price action shows bearish shift. DXY index shows bearish continuation with price below…
- Keywords: dxy, us dollar index, bullish trend, bearish correction, elliot wave, price action, rsi indicator, trading bias, business, finance, Stays, Within
- Source: TradingView — https://tradingview.com/chart/DXY/6WCVyveA-Index-Remains-Within-Broader-Trend-Structure
- Published: 2026-10-19T07:56:49+00:00
- Read time: 1 min
- Topics: dxy, us dollar index, bullish trend, bearish correction, elliot wave, price action, rsi indicator, trading bias, business, finance
## DXY Bullish Trend Structure
DXY index previously showed strong bullish trend with higher highs and higher lows from mid-September to mid-October.
## Price Action Change
DXY reached 102.950 resistance but failed to sustain upward momentum, signaling bearish change of character.
## Liquidity Rejection
Price tested 102.950 but encountered significant selling pressure, breaking through minor swing lows.
## Current Consolidation
DXY is hovering around 101.850 with temporary equilibrium between buyers and sellers.
## Elliott Wave Analysis
Bullish movement since mid-September could form five-wave impulsive structure with wave 5 at 102.950.
## ABC Correction Projection
Price may decline to 101.600 before potentially falling to 101.028 if resistance holds.
## RSI Momentum Analysis
RSI indicator shows reading of 43.98 with bullish momentum weakening and bearish pressure dominant.
## Trading Bias Scenarios
DXY likely to see limited rebound toward 102.000-102.200 before resuming decline toward 101.600.
## Key takeaway

DXY index shows bearish continuation with price below 102.200-102.400 resistance zone.