Dxyforecast
DXYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ...as I said last week, I will look for SELL on DXY if it closes even for 1 day below 93200 ... but because it did not make it ... DXY went up again to 94200 from where it rejected for the moment!
in the next period I will look for SELL again in the 93400 area but at a possible closure even for 1 day above the 94300 level I will look for BUY up to 96300
THIS WEEK...As I was telling you last week, DXY went down but did not reach my target in the 93200 area ... and went up again in the strong area from 94250 from where it rejected ...
in the next period I will continue to look for an entry on SELL to the mentioned area but any closure even for 1 day over 94300 ... will make me enter BUY up to 96300!
however ... I will rely on the theory of the letter W and will continue to search for SELL
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
DXY- Will we have a break?Since the end of May, DXY is trading in a clear up trend, putting in higher lows and higher highs on our chart
At this moment the index is trading exactly in resistance and NFP today could be the trigger for a break
Such a break could accelerate gains towards the next important resistance at 96 zone
DXY #Dollarindex Monthly ViewDXY (Dollar Index) on a monthly chart. We are at the long term line of S/R (Support and Resistance) and depending on which way it moves it will definitely show what will happen to the different market (stocks, crypto, housing, etc).
It's interesting to see the parallel channel formation and the trend line it is walking on since 2008.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
DXY , Where we are Hello guys
Are you ready for this week ??
In here , this idex is between these 2 R & S zone that shown on chart
But we have a key in chart ( key : the point of change trend ) , And now at this time the trend of idex is downward and we need best zone and area to take short position and sell
At first when the price is coming to our sell zone area then take signal like ... then take short position and sell
Dont forget use stop loss and attention to money management
Good Luck
Abtin
DXY messy structure forming. Market indecisiveA messy structure is forming up for the dollar index. Price rebounded strongly after a retest of the mid channel line and it can really go either way right now. We have a slight and short-term bias to the but price should be capped to the top of the channel and will need to take out the leverage longs before it can move higher for extended periods of time.
BULL CASE
A timebased correction where price hovers around the current levels can happen before another pump up to test the top of the channel at 95
BEAR CASE
A correction down to the 93.710 can happen rapidly and we will want to enter long at the test of the mid channel.
PS: Manage your position size, structure is messy and price range is capped. Do not hold positions for too long as we near the end of the year.
November Forecast - Continue the rally ?Currently, DXY is precisely at the trendline. There's no clear indication yet that it would reject the trendline or not. As long as it stays above the daily trendline, I reckon DXY will make a new high beyond 94 zones.
Next week we are all waiting for the US data to understand better the next DXY direction.
Catalyst:
- ISM Manufacturing PMI
- ADP Non-Farm Employment Change
- ISM Services PMI
- FOMC
- Unemployment claims
- NFP
DXY (Dollar Index) | The best area for correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Dollar Index In the previous analysis, we considered two possibilities: in the first probability, a direct ascent to 94,000 and in the second probability of a descent to the lower side of the triangle and then a resurgence.
The first possibility occurred and the ascent was done. This ascent is related to wave c of wave 1, which is formed as five waves, and we assume that from this ascent, five waves of waves 1, 2 and 3 are complete, and now we are inside the fourth wave, wave 4 as The flat is formed and its last wave returns to the previous wave a of 2, and we assume from this other ascent point to Fibo 1.618 for wave c .
(But if the resistance or the end of wave 1 of wave c is broken, the hope of climbing decreases)
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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DXY- More growth to come?After reaching a local high at 94.60, DXY corrected and dropped to 93.50 support
Yesterday, a bullish Engulfing has formed from this support and we can expect more growth in the next few days.
94.60 can be bulls target and selling rallies for eurusd, gbpusd, audusd and nzdusd can be a good strategy
DXY (Dollar Index) | Deep correction♻️Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index is forming wave c of wave four.
Within wave c it is likely that wave 1 is still forming.
Wave 1 is inside a leading triangle pattern.
From this pattern, it can be said that wave 5 has not yet formed and we assume that by hitting the lower side of the triangle, it will start its ascent by defeating the upper side.
And this ascent continues until around the middle line of the pink channel and then the descent begins again for the third wave.
As we have shown in the picture, the trend can continue its ascent to the bottom of the pink channel by breaking the upper side of the triangle.
It will also be able to start a downward movement from the same range by breaking the lower side and the roof of the pink channel.
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DXY (Dollar Index) | The best scenario for the fall 🔥Hello traders, Dollar Index in Daily Timeframe , As we expected from the dollar index , this decline also happened and it can be said that the decline has been completely confirmed.
The dollar index is within wave c of wave b at its higher time.
The -c- wave is forming its fourth wave, and according to the wave count in the image, a wave is forming from the fourth wave, which is probably also in the form of five waves.
This wave must first break the end of wave 3 and can continue to move to the middle line of the channel, the purple line.
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We're at a cross roads for the DXYWe're once again at a crossroads for the dollar index. We know that the fed taper will start in mid november which is overall bullish for the pair but it is mostly priced in and the supply of dollar is still on a upward trajectory until mid next year. The channel structure is still intact and it is our bias that it will need to break the bottom of the channel to liquidate longs before it can move up to reach higher highs.
BEAR CASE
A mild correction from here and more downside to test the bottom of the channel at 92.566.
BULL CASE
A larger correction may occur to form a bull trap but ultimately, we're biased to the downside for Q4 2021 and Q1 2022
DXY (Dollar Index) | Deep correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, if the channel that we identified in the previous analysis failed, before the formation of the five waves, there is a possibility that this structure is a correction, the previous wave was formed in the form of three waves.
We assume that the descending wave formed is a leading wave from the diagonal triangle for wave 1, we assume that it has ended in this region and the next wave, wave 2, has begun.
(This possibility is very uncertain and decisions are made only on the basis of structures)
After breaking the upper side of the triangle, we will have a probability of climbing to Fibo 0.618 to Fibo 0.5, ie the target is 94,000.
And if the lower side of the triangle fails, the countdown will change.
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DXY (Dollar Index) | Deep correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Della Index We think we are still inside wave 2 and from wave 2 wave c is being formed and it should be formed in the form of five waves.
We considered the targets for wave c , the most normal of which is Fibo 0.88, and we think that wave 2 will be completed and wave c will start in this region.
If this wave is completed as three microwaves, it will probably be wave 2 of wave 3 or wave b of wave 3 of the diagonal triangle.
If the bottom of the purple channel is broken, a drop will occur to some extent.
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DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, we had a descent for wave b from the second wave of wave c and this descent happened.
We guessed the depth of descent was less and longer in time.
The wave that started can be wave b from the second wave flat or it can be one of the microwaves, the third wave from wave c .
But in general we will expect a correction, the correction can be done from the same area or in Fibo 1.00 with the failure of the channel
And If Fibo 1.00 is broken, the downtrend will continue to move fast and strong.
The correction expectation we will have will be a maximum of 93,800.
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DXY (Dollar Index) | The best scenario for the fallHello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to this analysis and previous analyzes, we said that wave b is completed from wave four and wave c is being formed.
From wave c , we think that wave 1 is complete and wave 2 is forming.
We assume that wave 2 is long in time and flat in pattern.
From this felt, one or three waves are completed in a zigzag pattern and end on 0.50 fibo for wave 2 compared to wave 1.
And now we expect three more downward waves.
If Fibonacci 0.5 is broken upwards, Wave 2 will probably end in a zigzag pattern on Fibonacci 0.618.
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DXY LOOKS TO BE HEADED DOWN THIS WEEK! WILL BTC PUMP?Just a short statement here guys. The DXY has HISTORICALLY for the most part been correlated with BTC price movements especially when it drops, BTC usually goes up. When the DXY goes up , USUALLY (although recently BTC has been going up with it) BTC goes DOWN!
Just more supporting evidence for a BTC BREAKOUT THIS WEEK!
DXY (Dollar Index) | The last point to fall 🔥Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index of wave b has finished from its fourth wave at higher times and confirmed the formation of wave c and the decline in the form of wave c by breaking the black trend line .
Contrary to reports and news that confirm the rise of the index, our wave count will be quite the opposite.
And we think that in this region, the index with the suffering trend of wave 2 forms c and then there will be a re-descent for wave 3.
The field point of this Fabio analysis will be 1.38 for wave b .
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DXY (Dollar Index) | Sensitive position to determine the trend🔥Hello traders, Dollar Index in Daily Timeframe , According to the previous analysis and the scenario we considered, the dollar index is inside the wave b which is formed as a flat.
And from this flat wave c is being formed.
Wave c is a wave that determines the target of wave b relative to wave a .
In this sense, wave c is on the Fibonacci 0.38 for wave b .
And it is expected to go down to the middle of the channel.
And this descent occurs if the canal roof is broken downwards.
In general, the index is in a position that can move in two directions.
And if Fibo breaks 0.38, the uptrend will continue.
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DOLLAR INDEX - H4 - BULLISH CONTINUATION Dollar index - H4 - I see further upside for dollar long as this h4 demand zone holds well. Main trend for dollar is bullish for weeks to come so only looking to buy dollar on dips or continuation setups.
