Possible Trend of the Dollar Index in 2023

Updated

In this idea, the trend of the dollar index in 2023 is shown.

In 2022, due to the fall of the stock index of most industrialized countries, we saw the growth of the dollar index, and the final resistance line according to the Fibonacci tool set at the Fibonacci level of 1.41 and the index at 114.

but after that, the dollar index began to fall, and this fall has three hard resistance levels ahead, and the hardest level is the range between Fibonacci 0.38-0.5.

Good luck.
SEYED

Note

Stay with dxy Bears to the next sellers target

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dxy chart indicates a bull trap .please do not trap

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at second seller target.
potential price and index are
gold 1950-1960 USD
Silver 25-25.5 USD
USDJPY 123-124 USD

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sell order touched 100.8 as expected
dxy buy order activated.

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Possible trend of the dollar index

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dxy needs following trend to stabilize market

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MY TARGET FOR DXY

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USDCHF Trend :Reversal Trend at 0.87

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I Change my Target on on my Idea (May 1 ) to following chart

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DXY BEARISH CRAB PATTERN WILL START AT 104.5

Trade active

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DXY Rise Up to 105.5 then Start Falling dxy deeply

Trade active

DXY Trend Before / After Starting Correction

Trade closed: target reached

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possible trend of dxy on September.

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DXY Is Approaching to F 1.27 ( 106.76 ) and Now dxy Needs minor correction

Trade active

MINOR Correction is Done as I expected .
now Dxy rise more to level 1.618

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Bearish Shark Pattern Will start at point D of Shark Pattern

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Potential DXY Trend in April

Trade active

Trade closed: target reached

"Based on the previous idea, the dollar was unable to surpass the key level of 101.5 and as a result, the dollar index is inclined to move downwards towards the next level (the 2nd Fibonacci level) until reaching 99.6. Subsequently, the upward trend of the dollar is expected to begin."

SEYED98

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