# Is the dollar finally turning?

> A trader watches the Dollar Index build a floor at 98.55 and waits for proof before calling the trend change.
- Title: Is the dollar finally turning? · TradingView | Shortify
- Summary: A trader watches the Dollar Index build a floor at 98.55 and waits for proof before calling the trend change. One change of character is a hint, not a…
- Keywords: dxy, forex, price action, market structure, trading, business, finance, dollar, finally, turning, TradingView
- Source: TradingView — https://tradingview.com/chart/DXY/P9cwCNku-DXY-1H-Dollar-Bulls-Taking-Control
- Published: 2026-09-12T21:04:11+00:00
- Read time: 1 min
- Topics: dxy, forex, price action, market structure, trading, business, finance
## A bearish trend cracks
The Dollar Index has been falling for a while, held down by a descending trendline running from the 101.60 area. Price is now showing the first signs of a shift.

> The Dollar Index has been in a broader bearish trend, but price is now showing signs of a possible shift.
## Buyers defend 98.55
Price kept finding strong support between 98.55 and 98.80. Repeated tests of that zone without breaking it mean sellers are running out of force there.
## The CHOCH signal
After those tests, a change of character printed on the 1 hour chart. It is the earliest structural clue that buyers, not sellers, are setting the tone.

> we now have a 1H CHOCH, suggesting buyers are starting to gain control
## 99.00 is the line
Price sits around 99.00, the short term level that matters. The real question is whether the CHOCH matures into a proper bullish structure shift with higher lows.
## The upside map
Preferred path: a small pullback, a hold near 98.80 to 99.00, then continuation. Targets stack at 99.50, 100.00 and 100.50, with 101.50 to 101.60 as the bigger objective.

> 99.50 → 100.00 → 100.50+
## Where the idea dies
Lose the 98.55 to 98.80 zone and the bullish case weakens, so the plan gets reassessed. Watch the setup develop rather than chasing the candle.

> Let the dollar prove the reversal before assuming the trend has changed.
## Key takeaway

One change of character is a hint, not a reversal. Wait for higher lows to confirm before buying the turn.