DXY, CHALLENGING WITH BROAD CHANNELDXY is firmed a wedge in lower timeframe, While, a broad channel surrounded the price for 14 weeks.
Price needs to break the channel to goes up or down.
So, Sell or buy that, when hit the bottom or touch high.
Dxyforecast
DXYPrice seems to be correcting forming a reversal pattern. With CPI coming later on l'd be cautious with my trades.
DXYPrice formed a double top on a resistance zone, this confirms that the dollar will weaken. Short term or long term is the question?
USD (DXY) is Strong, for now....Looking at the US Dollar Index (DXY), USD is showing strength, breaking structure to the upside. It has entered a 4H bearish OB, and we are going to monitor it behavior here. Will it reverse soon? There is huge potential for that to happen. Price may show weakness in the next 48hrs, but for now, I would play the xxxUSD pairs to USD strength.
DXY (Dollar Index) | The last rising wave of the DXY🚧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.
The conditions created have changed the form of the wave count and I have a new perspective in this analysis.
Based on this wave count, waves 1, 2 and 3 have been completed in higher timeframes and now wave 4 is being formed.
In wave 4, we expect the formation of a double zigzag, from which the double zigzag wave w is completed and wave x is being formed.
In wave x, waves a and b are completed and wave c can end from this point or finally the channel ceiling and then wave (w) can start.
If the warning sign is broken, this analysis will be fielded.
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DXY (Dollar Index) | The best point for 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.
In the daily analysis of the dollar index , I identified two possibilities (the beginning of wave 5 or still further ascent to form the structure of wave c from the wave of wave).
In this analysis, I considered the start of wave 5 from this point.
In this probability, wave 1 of wave 5 is being formed and I think the end of wave 1 of wave 5 will be completed at the bottom of the pink channel, which I marked as a dotted line, and then wave 2 will start (although the end of wave 1 of 1 should not be broken. And in case of breakage we must consider other structures).
If this decline ends at the bottom of the specified channel, the correction that is made for this move is better not to correct more than Fibonacci 0.618.
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DXY (Dollar Index) | The last rising wave of the DXY🚧Hello traders, The dollar index in daily timeframe ,Waves a and b are completed at higher times and now wave c is being formed.
In wave c, waves 1, 2 and 3 are formed and now waves 4 and 5 must be examined.
Wave 4 is formed as a flat, from this flat wave c is probably completed.
If wave c is completed, wave 4 is over and then wave 5 is formed, and at lower timeframes the correction should not go beyond Fibo 0.78.
In case of further correction, wave c and wave 4 have not been completed yet, and the last wave, wave 5, must be completed.
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DXY potential extended correction then DUMP!DXY saw some upwards consolidation this week. We could see more of it in the coming week but the upside is capped.
BULL CASE
The 93 level should form some kind of resistance for the index and shortly after it should dump to the downside.
BEAR CASE
The pair could reverse from the 200MA and retest the 91.5 level.
DXY theoryMy first Idea, a theory as advertised..do with it as you will. higher time frame shows price action in the process of the left shoulder of head and shoulders pattern(as every short idea will let you know but can be seen on daily chart) . once price breaks out of wedge the short term direction will be clear(although more room for the downside than upside).. if miracles happen and it completes the head and shoulders with the explosion of price(bearish) means a long position on quite a few forex pairs and commodities would be favourable. naturally the way you play this depends on your strategy, if you are cautious and reactive wait for the scenario to play out then make your move(bearish price movement below wedge should peak your interest) or predictive/pro-active if you are feeling risky and getting in/off of left shoulders is your thing then do it. im posting this on a friday so i expect some dollar bullishness when the market closes as i am currently seeing that while typing this, so wallstreet and market makers can give themselves hi 5s and pats on the back whilst chanting in unison "U.S.A!" for as they enter the weekend so they can enjoy their weekends as mortals do before they turn back into sharks when the market opens.
some additional info if you need it would be wise to use dxy as a confirmation for your trades, if you love trading gold as I do..if the dollar is weak then buying gold is a sure fire way to gain some net(profits). dollar strength or weakness makes many pairs strong or weak regardless of whether the usd is used in the trade or not due to America being a greater influence on the world other than their currency being the biggest baddie in the entire prison. if you are purely a technical trader then analyzing the dollar would be closest you get to fundamentals as possible, if you have some favourite forex pairs take some time to see how it reacts to the price action of the dollar. the most notable pairs that i take note of is gbpusd,usdjpy and usdcad as they love moving with the dollar
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DXYPrice was dropping since Wednesday, but the move was more corrective then impulsive which confirmed to me that price is still in an overall bullish trend. And PPI will be released in less than 30 minutes, the result will surely have an impact on the market.
DXY (Dollar Index) | The latest wave of the downtrend🚧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, wave 4 was formed, but the shadow of the last candlestick went beyond the end of wave 1, and the validity of this wave count has decreased to some extent, but according to the analysis based on Price Action, the descent is still valid.
We are currently in wave 5, which will be completed as a pullback on the channel.
At the moment, we have identified two price targets for Wave 5, after which we are waiting for the formation of Wave 2 in higher timeframes.
If the high price of resistance (end of wave 1) stabilizes, this wave count will lose its validity.
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DXY (Dollar Index) | The best spot to fall📍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.
As I said in the previous analysis, we assumed that wave 4 formed outside the channel and wave 5 was completed as a pullback on the channel.
Now we are waiting for wave 5 to make its move before the end of wave 1 and to complete a complete cycle for the wave of a leader in higher timeframes.
The price has conditions to fall from this point, but the best point is the purple circle.
This analysis will be field if the price crosses the warning sign.
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DXY (Dollar Index) | The best area to fall📍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.
As I said in the previous analysis, there is a leading downtrend for wave 5 at higher timeframes.
Now we are waiting for the completion of wave 1, in wave 1 waves 1, 2 and 3 are over and now we are inside wave 4.
There are two possibilities:
First possibility: wave 4 is completed at this point (channel ceiling) and the price moves to the bottom of the channel to form wave 5.
Second possibility: the ceiling of the channel will be broken and wave 4 will be formed outside the channel and wave 5 will be completed as a pullback to the channel.
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DXY (Dollar Index) | The best scenario for the last 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.
In this analysis, I examined wave 4 at higher timeframes.
Wave c is completed from wave 4 to 5 waves, in this cycle 5 waves of wave 3 were extended.
Current trends:
In this analysis, we identified two possibilities:
Probability 1 (blue trend): Wave (1) completes microwaves 1, 2 and 3 and we expect wave 4 to be completed at the bottom of the channel, then wave 5 will be formed at the bottom of the channel and at the end of correction for wave 2.
Probability 2 (purple trend): Waves 1, 2, 3, 4 and 5 for wave 1 are formed in the form of a leading triangle and will confirm the correction channel for wave 2 after breaking the ceiling.
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DXY (Dollar Index) | Small correction♻️Hello traders, The dollar index in daily timeframe, wave 4 is formed and finished, and wave 5 is forming for wave c in higher timeframes.
I expect the price to react to the midfield of the purple channel and continue its downward movement to form wave 5.
The minimum price target for this decline is the purple channel floor.
If the purple channel ceiling is broken, this analysis will be fielded.
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DXY: POSSIBLE MOVEMENT BEFORE AND AFTER NFPHere is my idea on dollar index, expect price come to correction area.
If you have any idea, comment below and don't forget give thumbs up
DXY .. continue to the up side strong uptrend and there is an RSI divergence, so if the price breaks the uptrend .. go out
DXY Daily charts.DXY has hit the bottom of the channel, apparently in my opinion, the market will respect the channel support, and we can look forward, retaining its upward trend. However, it is a risk I am happy to take, for a BUY trade.
Humpty dumpty DXY falls off the wall. All the kings horses and all the king's men. DXY has failed to hold this the top of the channel for more upside. We should see more downside in the upcoming week after a short-term relief rally at the start of the week.
BEAR CASE
We are targeting 92.2 as the exit and enter when the RSI hits overbought region on the hourly chart
BULL CASE
If our preferred scenario does not hold up, we should see some kind of resistance near the 94 level.
DXYHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
DXY look like try to broke support
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
DXY Last week we saw a breakout of previous yearly high on the DXY. We might see a new lower high before continuation of bullish trend or a rejection around the marked resistance zone and a shift of market structure.
