DXY – A Deep Decline Ahead? (Aggressive Bearish Scenario)📉 DXY – A Deep Decline Ahead? (Aggressive Bearish Scenario)
Analysis:
The U.S. Dollar Index (DXY) is at a critical point. According to the aggressive bearish scenario, we might witness a significant correction or even a strong continuation of the downtrend in the coming weeks.
🔹 Elliott Wave Structure:
✅ Wave A has formed as an impulse, and there is a possibility that Wave C will develop into an ending diagonal, signaling a sharp decline.
✅ If a complex zigzag pattern emerges, the decline could extend further into the 100.83 – 95.03 range.
🔹 Key Levels:
📌 A break below 105 – 106 would be an early confirmation of this bearish scenario.
📌 A drop below 100.19 could indicate significant weakness in the dollar, leading to the next major downtrend.
🔹 Fundamental Factors to Watch:
📉 Federal Reserve policies and key U.S. economic data, such as inflation and employment reports, will play a crucial role in confirming this move. If the DXY declines, risk assets like gold and equities could benefit from the shift.
💡 Conclusion:
This scenario remains valid, but if different corrective patterns form, I also have a conservative bullish scenario, which I will share at the right time.
📊 What do you think? Are there more signs of dollar weakness ahead? 🤔
Hashtags:
#DXY #DXYAnalysis #Forex #ElliottWave #USD #TechnicalAnalysis #DollarIndex #BearishScenario #MarketTrends #TradingView
✅ TradingView Short Description:
📉 Is the U.S. Dollar Index (DXY) on the verge of a major drop? Elliott Wave analysis with key support and resistance levels. 📊💡
