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Dxyanalysis

The 🦈Shark🦈 Harmonic Pattern is a sign of a bullish DXY🚀DXY seems to have successfully broken the descending channel and is currently completing a pullback to the upper line of the descending channel. Also, it seems that the Bullish 🦈Shark🦈 Harmonic Pattern can be formed in the 🟢support zone($ 101.96-$ 101.9)🟢 and near the support line and play the role of pullback. I expect DXY to rise in the coming hours with the help of a Bullish 🦈Shark🦈 Harmonic Pattern and at least grow to the resistance line. U.S.Dollar Currency Index ( DXYUSD ) Analyze,15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
17
When can the DXY index break the Descending Channel❗️❓The DXY index has been moving in the descending channel for more than 1 month.📆 DXY seems to have formed the Double Three Correction structure(WXY) in the middle of the descending channel during the last two weeks. I expect the end of wave Y to finish near the middle line of the descending channel and the🟢 support zone($ 101.3-$ 100.82) 🟢, and again DXY will attack the upper line of the descending channel for the 5️⃣fifth time5️⃣ and break the descending channel. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXY
by pejman_zwin
30
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.
CAPITALCOM:DXY
by zakoraio
2
Short break for DXY growth again⏰As I expected in the previous post, DXY completed wave 5 at the bottom of the descending channel and the 🟢support zone($ 101.3-$ 100.82)🟢.👇✅ It seems that DXY intends to break the upper line of the descending channel after a short break in the middle of the descending channel. According to the theory of Elliott Waves, the DXY correction structure is a type of Zigzag correction(ABC/5-3-5). The end of this zigzag correction or break is expected to end near the middle line of the descending channel or the 🟢support zone($ 101.3-$ 100.82)🟢, and then DXY will grow again at least to the upper line of the descending channel (probably DXY will break descending channel this time). U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
43
New opportunity to add in my dollar positionAfter breaking through the support zone, a retest occurred, accompanied by a 61% Fibonacci retracement. Thursday's GDP data will be the deciding factor for market movement, We can anticipate two potential outcomes: 1. If the GDP exceeds expectations, investors may feel more secure, and as a result, dollar prices may not increase significantly. 2. A worse-than-expected GDP could trigger fears of a potential recession, leading to a surge in demand for safe-haven assets like gold. This increase in demand could drive up the price of gold and weaken the dollar significantly.
TVC:DXYShort
by keechi
17
DXY #DXY $DXY Just Look at the respect to my ScribblesJust look at these reactions my scribbles are getting. These lines have not been moved or adjusted these are the same trend lines I gave you weeks ago. If it isn't broke. KISS ( Keep It Simple Stupid) Everyone else telling you only about the old line and the breakout of it and or giving the new lines now. I gave you this as a second R line trend above the 1st one everyone was posting, AND most importantly i gave it to you weeks ago.
TVC:DXY
by rarebreed29
DXY: Event influence!Hello traders, I have some USD related information to share with you ♥ US Dollar's position as the primary global reserve currency is being challenged The US Dollar's share of the global market has decreased from 71 percent to 59 percent over the last two decades and could shrink even further in the future. The primary victim in this scenario is the United States, as currency usage in global trade is a zero-sum game. Each time a Yuan, real, or Rupee is exchanged on the global market, a Dollar is not. If credible alternatives gain steam, the dominance of America in the global market will be compromised.
TVC:DXYShort
by Sphyn-Trader
2
DXY may have reversed!!Currency Pair : DXY Possible direction : Bullish Technical Analysis : Price just has opened with gap and slowly turning into a bullish market after forming a middle man in the previous session. From monthly price has just bounced from the monthly support zone. Fundamental : Positive ADP Non-Farm Employment change data has given a strong boost on USD Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:DXYLong
by ForexWizard01