Dxyshort!!!!!!!!!!!!!
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the counting wave we did, at higher times, a leading trend was formed, and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it would be a zigzag triple.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a is still being completed, and from wave a, the end of wave 3 is unknown, and waves 4 and 5 are not formed in our view.
After the end of wave a, wave b forms a sideways trend that is long in time, after which wave c moves to the size of wave a and is ready to start wave e on the upper side of the triangle.
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Buy rumor sell news. DXY consolidating for another push up.The DXY has been trading a in a range for the most of Q4 2021. We are expecting a fake out of the range to the downside before one last Wave 5 to the upside. This will likely come before the Fed ends their taper March 2022 and create a buy the rumour sell the news kinda event once they start their rate hike increase.
U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bearish candlestick last week, after previously rejecting the resistance level identified at 12257 two weeks ago. Note how this key resistance level has held again – in fact it held just after the FOMC release some weeks ago when it was tested, which is possibly a bearish sign. While this continued decline is not enough to invalidate the long-term trend (the price is well above its levels from 3 and 6 months ago), it is very notable that there is clearly strong resistance here, which is having impact. This suggests that despite the long-term bullish trend, we may now have experienced a major bearish reversal. However, it is also worth noting that the price is now very close to a major support level at 12150.
Overall, I would not look towards the USD as a key driver for any trades over the coming week. For a while, and possible for the entire coming week, there will likely be momentum against the US Dollar, although the Japanese Yen remains considerably weaker.
DXY: A LITTLE BIT MORE DEPPER CORRECTION AND THEN UPWARD BOUNDPrice broke previous high with an Impulse and now making correction, This corrections seems deeper than previous ones, After applying Fibo we have 61% level exactly on Last high and Channel support. Where I exactly mentioned my INTEREST ZONE. Here is the area where I am expecting a long DXY again and all XXXUSD shorts
#DXY Showing Bearish Sentiment BuildingWatch for small scalp potential as it could retrace here.
See chart for details.
Watch next Friday closely. New nonfarm payroll report to be released.
Could cause market to crab sideways till then.
But hoping it makes minor retrace correction here first before the report is released.
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that was performed at higher times, a progressive trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c , which we have now identified in the count, does not resemble a leader, and we assumed that it would be a triple zigzag.
So the count has changed to a triangle, and from this triangle the waves a , b and c are complete, and now we are inside wave d .
From wave d , wave a is still forming.
And from wave a the end of wave 3 is unknown and waves 4 and 5 are not formed in our view.
At the end of wave a , wave b forms a sideways trend that is long in time, after which wave c moves to the size of wave a and is ready to start wave e on the upper side of the triangle.
🙏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 SHORTTo survive in the most difficult market and enjoy life
recommendations
1.- Risk Management 1-2% capital per operation
2.- Be patient
3.- Partial profit taking
We are at an ideal point to trade DXY Take its last push before its fall and thus be able to buy in the best areas, so we hope that this graph will also generate good opportunities.
As you can see in other shared ideas, I do not always win, but I am profitable due to good risk management, my profit ratio is at least 1: 3
Do not go crazy, wait for the entrance or put SELL LIMIT, be smart.
DXYThis is only my theory I think DXY looks really weak on HTF meaning weekly & monthly. But I cant rule out the $97-$99 move can still be baking in the oven. Being that DXY has been so strong the sentiment points my analysis this way, but also unemotionally speaking this would be max pain. But for now there are big sellers of the dollar on daily TF and we should at least hit $95.50 to finish Wave C down
Dollar seems to start dropping TVC:DXY
Hey everyone , I wish you have a profitable week
So as we see in the chart , dollar index looks more bearish now and I think the rally is over and base is already created , and now we go for drop
I personally expect nice growth on AUD , GBP
What is your idea about Dollar index ??
mention your view in comments
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Examining the weekly time for this indicator, we came to the conclusion that we are in wave 4 of a leader.
This wave 4 can be counted in two ways:
In the first case, the waves are flat.
And in the second case, the count is in the form of a triangle.
Considering the main wave c in this analysis, which is not very similar to the five waves, we preferred to consider a scenario for the second case, the triangle.
From this triangle, wave d is being formed and from wave d, we assume that we are still inside wave a, which requires a maximum of 2 waves to complete this wave.
And then a relatively long sideways motion for wave b and finally a climb the size of wave a for wave c.
🙏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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