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DXY (Dollar Index) | The best point to start the uptrend🏹Hello traders, The dollar index in the weekly time frame, This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe. The range we examined had an impulse state in which we are within wave 4. This impulse of wave 2 forms itself as a relatively normal flat, and accordingly, wave 4 can be more complex than wave 2, and it probably is. Inside the wave, the four waves w , x are completed, and now we are inside the wave y . It is also possible to climb to 96,000. We will examine this issue more in the daily time. In general, we expect another downtrend, which is confirmed by the failure of the channel floor. Another point is that wave 4 will be able to enter the range of wave 1. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
INDEX:DXYLong
by mahdisoltaninjad
5
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.
TVC:DXYLong
by IkanBilisCapital
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 expected another ascent for wave 5 of wave c from the second wave, and this ascent occurred. And now the dollar index is in sideways position. Given that we considered wave-1 as a leading triangle, it is very difficult to identify, end this process and start the correction. At the moment, we have considered the -2 wave as a flat, which I think is completely over, and now the third wave is forming, and we do not think that it will hit a ceiling higher than the previous ceiling, ie the price of 94,000. If you move beyond this price, the structure for wave 2 will change to zigzag and the upward movement will continue to the green trend line or the size of the previous wave. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYLong
by mahdisoltaninjad
2
DXY SHORT• DXY is an important chart which is often neglected to one’s loss. • E.g. BTCUSD has been stagnating recently because of DXY temporarily trending upwards the past 2 days. • Anyway, DXY has been in a downward parallel channel since 1986. • We have reached the top end of the channel, and are currently in wave C of the correction. • Monthly RSI is evidently bearish. • Target coincides with two trendlines and the 1.618 Fib level. • We should be able to reach 80 eventually. • This bodes well for the current crypto bullrun. • Watch the MAs though. There should be downward momentum when the 20M MA is above the 21M EMA. However, they may be crossing soon and lengthen Wave C. • Nonetheless, on a macro level, we should be able to reach 80 eventually. Or, at the very minimum, 82.5. • Dubious speculation: we have had double peaks in the previous two bullruns, will it be possible that DXY dumping may extend this bullrun and give us three peaks?
TVC:DXYShort
by AlphaBravoCharlie77
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🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYLong
by mahdisoltaninjad
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. The dollar index is still within the pattern of the leading triangle. This triangle probably consists of complete waves 1, 2, and 3, and waves 4 and 5 are obscure. The structure now being formed resembles a correction triangle pattern for wave 4 inside its wave c , and we expect wave e and d to end within the leading triangle pattern. If the lower side of the downward triangle is broken, the correction pattern in the form of a triangle will be confirmed and we will have a drop to 93,200 for the fifth wave. And if the upper side of the upward correction triangle pattern is broken, we will climb from the same range to around 94,200 and even more. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYLong
by mahdisoltaninjad
2
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. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
ICEUS:DXYLong
by mahdisoltaninjad
2
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. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
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
TVC:DXYShort
by IkanBilisCapital