Dollar Correction Required!DXY(Dollar Index) created a hidden bearish divergence in the day timeframe! So, I think the dollar will correct to the 102.7 range!
Dxyindex
dxylong term dxy analysis suggests we are finished with the Cycle W3 and now inside of cycle wave 4 with a target of $94 in 2024. Inside W4 we are currently within wave A . Wave a is a zig zag which means 5 waves sub wave 123complete. Now almost finished with sub W4 of the A and the sub waves are inside of an ending diagonal which targets the 618% of the 2021 highs around $98. At that mentioned level $98 we should bounce up into wave B of the cycle wave 4.
DXY-IT IS TIME TO SELL XXXUSD PAIRS!Dear traders, hope everyone having a great week, DXY we had a massive sell off due to mostly by economic events came out negative for USDOLLAR. What we are expecting on DXY is to reverse from the current price. Though we have NFP which will be crucial
Dollar Index Chart Analysis....
In this situation, DXY chart creates Elliott wave pattern. So,if 103.600
resistance level need to sell confirmation then DXY will fall 102.700 &
102.200 support level. If the breakout is 103.800 level then case is invalid.
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DXY start of gain to the upside 🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support ✔️
if
the price doesn't break the support zone to the downside, we can see more gain 💣🚀
otherwise
we can see more correction ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
DXY New Week MovePair : DXY Index
Description :
Completed Impulsive Wave " 12345 "
Break of Structure
Divergence
Break of Structure
Impulse Correction
Bullish Channel as an Correction in STF
DXY is ready to take back the effects of CPI🔄The DXY index experienced a noticeable fall after the announcement of the CPI index.
Currently, the DXY indicator is moving in the 🟢support zone($ 101.3-$ 100.82)🟢 and near the lower line of the descending channel.
The Regular Divergence(RD+) between the price and the MACD indicator is clearly visible in the ⏰4-hour time frame⏰.👇
According to the theory of Elliott waves, the end of the main wave 5 can finish in the support zone, and I expect the DXY Index to at least touch the upper line of the descending channel or the middle line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2h-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.
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DXY growth with the help of Double Bottom pattern🚀DXY index managed to form a Double Bottom pattern near the🟢 support zone($ 101.3-$ 100.82) 🟢 so that Regular Divergence(RD+) can be seen between the first and second bottoms.
DXY has already completed the pullback to the neckline and is breaking the upper line of the descending channel.
I expect DXY to grow to at least the downtrend line after breaking the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2h-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.
DXY 21May2023DXY analysis is still in accordance with last week's analysis, currently still looks bullish with the notation still unchanged. The invalid area is in wave 2, I assume if the price drops more than wave 2 then the Elliott notation will change and there may be a trend change.
DXY falls moreFED powell has been made a serious impact to the dollar index which was overbought
because of the huge supply to the DXY.BUT dxy has not touched the valid area to sell .so we could see a simple upside move ment then it falls down ..
By the way DXy has been retraced about 38.2 in fibo levels and also the market had closed when it was retracing so that could be higher probability to come upside and hit tha valid zone move done
Overall trend may down f it breaks the trend line.
GOOD AND DOLLAR LUCK
#DXY-LONG BIG MOVE EXPECTED!!Hey Everyone, Strong USD is expected in coming weeks. meanwhile we are expecting price to be bearish during the upcoming days in the week.
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Correction? The dollar index gained a lot of strength on Friday pushing it all the way to 102.7 very close to the supply zone where we believe a correction will happen. It is also at fibo extension level 1.272
A healthy correction is needed to continue the uptrend.
DXY needs a correction to grow again!!!DXY was able to finally break the descending channel and downtrend line with a strong upward trend last week.
But it seems that this week it is the turn of correction or pullback of DXY to the broken resistance zone.
I have specified for you the possible scenarios for the DXY to grow again on the
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-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.
DXY 18May2023The mid-week DXY looks in accordance with the initial analysis, experiencing bullish entry into the impulse wave, if now is the period of wave C, and wave C usually consists of 5 waves, then wave 3 has at least the same length as wave 1. we can estimate the movement of the wave 3 using the Fibo Extension.
DXY may surprise everyone.. looking very bullishWe have broken out of a falling TL, prices above the 20dma and 50dma. While everyone is expecting the $ to decline, it seems to have other plans. Till 100.60 is not broken decisively, $ may be heading a lot higher. Initial target 106-110
DXY Daily AnalysisDXY broke out of of the descending trendline.
Where do you think it's heading to next?
Share your thoughts below
