DOLLAR INDEX in short correction . DXY💲Hello my friend, Everything is marked on the chart like always. The downward seems to continue to the next support level. We can consider it and entering safe in the Gold , Euro , Pound and etc.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Dollar_index
DXY: It won't happen, but if it does... 😱More than 97% of analysts say the FOMC won't raise interest rates tomorrow, but what will happen to Dollar Index, FX:EURUSD , TVC:GOLD and FRED:SP500 if Powell decides to hike interest rates by 25bp instead?
Most likely, tomorrow's announcement will be our driver at least for the whole summer, because this event will have a strong impact on the market. So we just have to wait 24 hours, and we will have the verdict!
...And you? what do you think?
DXY - Ready to skyrocket buying!This is DOLLAR INDEX (DXY) MONTHLY ANAYLSIS..
DXY Imminent Skyrocket
Price is buying from Panic Zone (0 -382%) INSIDE MONTHLY DEMAND ZONE (PREVIOUSLY SUPPLY ZONE)
We expect price BREAK 0% AREA (WEEKLY SUPPLY ZONE) and continue buying to TP1 A AND TP 2 B AREAS.
TRIGGER: WAIT PRICE BREAK 0% AREA (104.620)
When it's triggered, I suggest to open BUY POSITIONS on USD parallel pairs (USD/JPY, USD/CAD, USD/CHF)
and SELL POSITIONS on opposite (EUR/USD, GBP/USD, BTC/USD)
BULLISH INTERNAL CYCLE - WEEKLY ANALYSIS.
- TP 1 - AREA A: 50 - 61.8 % (109.719 - 110.923)
- TP 2 - AREA B: 100 % (114.819)
- FINAL DESTINATION: MONTHLY SUPPLY ZONE (RED AREA ABOVE)
Dollar Index ($DXY): Technical Analysis$DollarIndex could trigger a 3 or 5 wave swing on daily chart, and if this happens, the first Target should be around 106/107 area. That said, the trend remains bullish and the index should be bought on any correction. The technical structure on intraday chart is also very interesting, and it might be useful to develop it in our updates below as well.
FUNDAMENTAL ANALYSIS
(Click & Play on Chart below)
Trade with care!
🚀 Like if my analysis is useful.
Cheers!
DXYIt's not financial advice.
It's just my prediction about the future of the DXY index
Just see and Think about it.
I think it's so interesting analysis to imagine the future of DXY.
So Let's go
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In the first level let me tell you more about the relationship between DXY and the cryptocurrency market.
It is a known fact that the crypto price movements are deeply correlated with the DXY Index since its inception. While the DXY index gets stranger, Bitcoin, Ethereum, and many other assets tend to fall. Besides, if the cryptos manifest their strength, then the dollar’s strength tends to fall
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Hello Guys.
How are you doing? I hope you feel great and always be happy and successful.
Today, I want to show you something strange that will happen in the market.
as you see in this chart, we are in Parallel Channel and whenever the index touches the top of the channel, we expect to react. it's the third time I expect the DXY index to go up from here.
But it takes time. maybe more than 4 Months.
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by the way, I should say that at the first level, we should go up to the 106 Level and stay there.
after that, we will expect to go up level by level.
the next levels are: 110-117-125 and maybe 132
who knows !!! maybe 132 is closer to us than we think.
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Please be patient and think about that.
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It can help you to be the first one that sees the analysis after publishing.
wish you health and wealth
Sincerely Yours
Dollar Index Chart Analysis....
In this situation, DXY chart creates Elliott wave pattern. So,if 103.600
resistance level need to sell confirmation then DXY will fall 102.700 &
102.200 support level. If the breakout is 103.800 level then case is invalid.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
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DOLLAR INDEX Upward continuation . DXY💲Hello my friend, Everything is marked on the chart like always. The uptrend seems to continue to the next resistance level. We can consider it and entering safe in the Gold , Euro , Pound and etc.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. be nazar miresad ke ravande so'oodi ta sathe moghavemat badi edame darad. mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim.
moafagh bashid.
like va follow faramoosh nashe :)
DOLLAR INDEX Wait to breakout the zone. DXY💲Hello my friend, Everything is marked on the chart like always. It's likely that the resistance will be broken but it's better to wait until it is broken and fixation above that. We can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 102.7-103.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. be ehtemaale ziyad moghavemat shekaste mishavad vali behtare ke sabr konim ke shekaste shavad va balaye an tasbit dahad. mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim. noghte kelidi 103 hastesh.
moafagh bashid.
like va follow faramoosh nashe :)
DXY 16May2023In my opinion, the dollar index this week will tend to be bullish, where the price looks to breakout from the previous swing high, even though there is a possibility of a correction, as long as this correction does not fall further than the invalid line, then the bullish trend is still a priority analysis
DXY short to mid-term analysis (Update)This post is an update to my original post few weeks ago where I presented the case for DXY bottoming out. Following is the link to that, please go through it to understand the context.
On Thursday DXY closed above 34( Red )EMA, on the daily, as mentioned in previous post, it a sign of strength and possible breakout, and we did breakout the following day and closed much higher.
I expect this breakout to hold, and the rally should continue for a while.
We can come down and flirt with 13( Green ) and 21( Blue ) EMA's again, this happens until 13 and 21 EMA's start moving up and crosses above 34 EMA, when that happens and sustains for few days, that's the confirmation of bull run and that's the most likely scenario.
Fundamentally also, we have reasons for Dollar gaining strength in short to midterm, mostly because of Hawkish Fed and no intention of stopping rate hikes in the coming months, with each upcoming rate hike DXY should keep pushing higher. We also have indications of a stronger than originally expected US economy and decreasing unemployment as contributing factors adding to DXY's strength.
Now talking about targets, The Boxes in my chart are very strong S/R zones going back months and years. So, the next zone of mid-size resistance for DXY is 103 price level, where I expect some retrace, then the big one is 104 which may cause a pause in the rally and some consolidation for big retrace.
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Dollar Index Chart Analysis....
In this situation, DXY chart creates ab=cd Pattern. So,if a breakout market 101:000 support level is then market sell to the nearest 100.800 and 100.230 support levels. If breakout 101.700 resistance level is, then the market will go up 102 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY Dollar Index Technical Analysis and Trade IdeaIn this video we look at the #DXY dollar index and analyse its potential trend reversal. The daily timeframe shows a pattern of higher lows and highs, with a clear formation of a bottoming structure. Throughout the video, we will discuss the current market conditions, including price action, market structure, and the trend, and identify a potential swing trade opportunity for the upcoming week. It's important to note that the information presented in this video reflects only my personal opinion and should not be considered as financial advice.
DXY mid to long term analysisLong term I am Bearish on DXY, with De-Dollarization happening in the world especially BRICS countries preparing to create a new currency to use for trade amongst them and 24 other nations joining them. So, we will see the dollar lose its value over the next few years.
But in the short to midterm (Few Months to a year) I am seeing a nice bottom form for DXY.
I have drawn two rounded curves in purple where I see rounded double bottom formations which in my experience are immensely powerful Market structure for explosive move to the upside a move to 109 is expected because of this structure.
I have also drawn two smaller Rounded bottoms in yellow and Red which I see playing out to the upside in the short-term A move to 104 is expected if these structures continue to develop.
PA is also reacting to the PRZ 1.414 of butterfly, if DXY comes down to play the red rounded bottom, we can see a strong move up from 1.618 extension of the butterfly as a Type 2 return on the harmonic.
We also have the 3 key EMAs (13 21 and 34) on daily start to curve to the upside, these are initial signs of Trend reversal. Right now, PA is above 21 and 13, but below 34, As long as 34 EMA is not broken through on Daily Time Frame 21 and 13 EMA act as weak support and 34 EMA will continue to act as resistance, and we will be in a down trend. Once the 34 EMA is claimed on Daily and held for few days, we get a confirmation for the uptrend and then 21 and 13 EMA will start to act as strong support along with 34 EMA.
With FOMC coming up, if the news is favorable for Dollar, we can break thorough 34 EMA and confirm the trend reversal.
I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned and if you like my content and would like to learn from my experience hit like and follow me for getting notified on my trade, market projections and several upcoming tutorials on technical analysis and several technical Indicators. you can also leave a comment and let me know if you want me to analyze any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it.
Keep learning and Happy trading All.
DOLLAR INDEX Correct to support & levels to watch. DXY💲Hello my friend, Everything is marked on the chart like always. We can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 103.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim. noghte kelidi 103 hastesh.
moafagh bashid.
like va follow faramoosh nashe :)
DOLLAR INDEX Correct to support & levels to watch. DXY💲updateHello my friend, Everything is marked on the chart like always. The market on the way from last week and now on the minor support base which we can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 103.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. market dar masir morede entezare ma az hafte gozashte dar haal harkat hast va dar haale hazer rooye yek base hemayati minor hast ke mitoonim in ro dar nazar begirim va vorood haaye behtari dar Gold va euro va pond va ... dashte bashim. noghte kelidi 103 hastesh.
moafagh bashid.
like va follow faramoosh nashe :)