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DXY US. Dollar Index | Down Trend Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index. A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward. A Lower High occurs when the price of the index reaches a new high during a given period that is lower than the previous. This suggests that the price is struggling to get higher levels and may be trending downwards. These patterns can be used by traders and investors to identify potential selling opportunities or confirm existing US dollar downtrends. However, they should be used in conjunction with other forms of analysis and not relied on exclusively. Fibonacci retracement is a popular technical analysis tool used to identify potential levels of support and resistance in financial markets. The tool is based on the Fibonacci sequence and retracement levels are calculated using ratios derived from this sequence. When applied to the DXY US Dollar Index, Fibonacci retracement levels can help identify potential areas of support and resistance. For example, a common retracement level is 50%, which represents a potential area of support or resistance at the halfway point between a market's high and low. If the DXY Index is in a downtrend, a trader might look for potential buying opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of support. Conversely, if the DXY Index is in an uptrend, a trader might look for potential selling opportunities near a Fibonacci retracement level, such as the 38.2% or 50% level, which could represent potential areas of resistance. It's worth noting that Fibonacci retracement levels should not be relied upon exclusively for making investment decisions, and should be used in conjunction with other forms of analysis and risk management techniques. Follow me for more Ideas.
TVC:DXYShort
by awaisulabdeen
DXY Elliott Waves Analysis (midterm Expectations)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last analysis, everything according plan. We got downward impulse, like for me very soon should start correction with target zone 106.5 - 108,after that our downward movement will continue with minimal target zone ~98, maybe even 93, for wave of (C). Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
TVC:DXYLong
by trytofeelpositive
11
DXY Chart Analysis.... DOLLAR INDEX MY VIEW- N.B- In this situation DXY chart create Bullish Flag Pattern's breakout @104.360. resistance level, then market Buy UP to 105:000; @ 105.500 and 106:000 resistance level. Then market need seems sell correction to nearest Support 105.500 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.
TVC:DXYLong
by AronnoFx
2
DXY is set for a rise!Currency Pair : DXY Possible direction : Bullish Technical Analysis : After market opening DXY has broken out the resistance with strong liquidity grab from the strong support zone. it is highly likely price will continue to rise as long term trend is bullish and we have seen multiple liquidity grab along the way Possible trade recommendation : Bullish 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
Dollar Index Chart Analysis.... In this situation DXY chart create Bullish Flag Pattern.So,If breakout @103.777 resistance level, then market Buy UP to 103:999 ; @ 104.720 and 105:600 resistance level. Then market need seems sell correction to nearest Support 104.950 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.
TVC:DXYLong
by AronnoFx