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DXY- 95.50 is now resistanceAfter consolidating around 6 weeks in a 1.5 points range, last week DXY has fallen under support giving us a strong bearish signal. This drop was stopped by the horizontal 94.50 support and how the index is searching for direction. The incapacity to stay above 94.50 support will be very bad for USD confirming a false break and a lower high in place on the longer time view and also opening the door for losses towards 90 zone. On the other hand, if bulls manage to drive the price back above 95.50 we will have the confirmation for a trend change for USD and we can expect continuation to 100. A good strategy can be to trade the range for USD pairs till clarification.
TVC:DXY
by Mihai_Iacob
1
DXY (Dollar Index) | The last point to fall🚧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 completely broke our previous analysis point in Fibo 0.88. And if this point is broken, we were supposed to consider this wave as wave 5, but from what we have examined, the most logical case for this wave is wave 4. But this time we considered it not in the form of twin zigzags but in the form of irregular flats. And the last chance to consider this wave as a correction will be Fibo 1.27 for wave b of the plate, and if it breaks again, we will say for sure that these waves were impulses. Because the ratio of a and c waves will be very unusual. In general we will expect to climb to the specified point and then descend for wave c . 🙏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:DXYShort
by mahdisoltaninjad