The dollar has broken significant structure to the downside, leaving a clean, unmitigated daily supply zone with an imbalance that adds validity to this point of interest. Once price reaches this level, I'll likely refine the zone and wait for a CHOCH on the lower timeframe. If price moves down first, I’ll watch for it to enter the newly created 3-hour demand...
🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
🏃♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone. 🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside...
🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders ...
✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴. 📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern . 🔔I expect the DXY index to rise to at least 🟡 Potential...
🏃♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢. 📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern . 🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢. 🔔I expect the ...
✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴. 🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the 🟢 Support...
In the dollar we can see that it has to continue its downward trend at least until it reaches areas between 99,700 and 98,490 minimum to end with the 5 of the Elliot wave since it has not reached 100% of the fibonachi extension of the last reverse wave. It is making a brief correction before going down again to break SL's and go down again as we observe a strong...
🏃♂️The DXY index has been moving in the Descending Channel for over two months . 🌊According to Elliott's wave theory , the DXY Index is near the end of the main wave 5 . 🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame , we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5...
✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month . 💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do...
🏃♂️The DXY index has been moving in a Descending channel for a month . 🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 💡I...
Hi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after...
Hi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after...
Hey traders, welcome back. The dollar is increasing heavily to the upside as I make this video. Now we don't know how price will close but it is important to watch how she closes today. If price continues this could affect the major currency pair market in a mighty way. All Base dollar pairs could continue to increase while Quote dollar pairs could continue...
DXY Index is running near the Uptrend line and 🟡 Price Reversal Zone(PRZ) 🟡. According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 ascending waves near the 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD-) between two consecutive peaks. 🔔I expect the DXY Index to trend lower in the coming hours...
In daily TF, the price structure shows the beginning of a correction after a rise of about 28% (from the support 90), confirmed by a triple top of DXY, a MACD triple top and a bearish divergence of RSI. In monthly TF, we have a strong uptrend due to a huge bullish divergence and a triple bottom.
In this situation DXY chart create elliott wave Pattern. So,if breakout market 102:700 support Level Then market need long sell correction to nearest 102.200 and 101.100 Support level. If breakout 104.000 resistance level, then market will go up 105. resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the...
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