DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
Dxytradingsetup
DXY 3June2023You can see the note that I gave on the chart, the possibility of wave 4 happening later. I still believe DXY will remain bullish as long as the price does not fall deeper than the invalid area, there is a possibility that DXY will fall more than that, but there is a certain limit to how deep the price will fall.
$DXY - Keep an 👀TVC:DXY CAPITALCOM:DXY
TVC:DXY - Keep an 👀
Currently we are within the range: Lows: 100.820 Highs: 103.150
Pattern: Wedge
We are at an very interesting area when it comes to dollar! Keep your eyes wide open a break above 103 areas, we could easily go towards 105 handle. However, if we are to close below the range of 100 areas then bears are still in control. A great break out trade idea!
Keep in mind those trendlines going down.
Trade Journal
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.
Dollar Index Chart View
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DXY: News prediction!My Outlook
The unexpected increase in inflation is not a positive development, contrary to what some headlines may suggest. While we anticipate a decrease in inflation, it is unlikely to reach the Fed's target of 2% for several years. This means that the US will likely have higher interest rates than other countries, even if inflation rates are higher elsewhere. This could result in a stronger dollar for an extended period, potentially throughout the year.
DXY 16May2023In my opinion, the dollar index this week will tend to be bullish, where the price looks to breakout from the previous swing high, even though there is a possibility of a correction, as long as this correction does not fall further than the invalid line, then the bullish trend is still a priority analysis
DXY EXPLOSIVE MOVE (LONG)= xxxUSD CRASHDXY is currently showing sign of strength from the BULLISH breakout we had last week, now we expected another explosive move to the upside.
DXY LONG = xxxUSD crash
INVALIDATION
If by any chance DXT goes below 101.360 that invalidates the BULLISH break, close all LONGS when this happens.
TARGETS
Overall TARGET for DXY is 200EMA on the D1
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!