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EXY is one of the most important indexes which had been investigated as parallel key in EURUSD or other pairs. As it can be seen at graph, there is three important scenario based on three important historical resistance! Regardless of that, It seems this parameter fallen in to one of the resistence. Elliot wave behavior and Price action phenomenon, say to us, C...
DXY is the key parameters in Dollar strength, after 2 weeks, it is under two sides! fall or return? market is awating to fundamental news.
But if it falling to under support zone, gold increase very high!
DXY has shown a powerfull support zone at 96. The regular diversion in RSI behavior in 4h XAUUSD can be seen. It say to us, changing in trend direction in 4H time frame is closed! there is not the important senko-span support zone to 1300.
DXY show a regular diversion and it is has fallen. Other analysis in DXY exist in my profile. USD has fallen for long time and gold symbol with name XAUUSD increases.
As we can seen in graph which calculated based on Elliott wave and Fibonacci levels, it is obvious, this phenomenon can give 100000 to 120000 $ in next two or three years. Analysis is performed on monthly chart. thank you
According to this analysis, as we expected, NDX index has fallen into main pitchfork which is 0.38 to 0.5 fibo. according to PA and Elliot wave, it can impulse into 5 wave ultimate to upper pitchfork. SL=5% below of rectangle zone.