Dxyanalysis
DXYWe see the breaking of the trend line with a higher slope, due to the breaking of the 102.2491 range
It can be expected to be touched around the second trend line with a lower slope.
1-102.7198
2-102.2491
3-101.3775
Objectives based on pivot points:
1-104.7767
2-105.3868
3-106.1712
It is not necessary to touch all the targets.
If you have the confirmation for the negative divergence and the above candle, you can get the confirmation of entering the upward trend from the bottom time.
DXY Pre-market Analysis Daily TFBased on my analysis, DXY broke out of its previous descending bearish channel last week, and I'm currently anticipating a sustained bullish trend in the coming days or weeks. I have identified specific price levels as potential targets, which are shown on the chart.
However, if the market retraces back into the bearish channel, this could potentially invalidate my bullish outlook, and I would need to reassess the market's direction.
What's your oipinion on this? like and comment below
End Of The Dollars Plummet?What you see here is a larger time frame analysis of the overall price action of DXY(dollar). Price has moved away from previous major resistance and is now showing bullish price action and is now showing resistance at a price area that previously caused a strong sell of (supply). Price will consolidate here before choosing a direction which I believe will be to the upside. Wait for break of yesterdays manipulated high for entry with stop below the red supply line.
DXY INDEX Next Move Before CPI Pair : DXY Index
Description :
Bearish Channel as a Corrective Pattern and Rejecting from the Upper Trend Line #UTL
Double Top Pattern in Short Term
RSI Divergence
EMAs Crossing Each other and Indicating us the Sell in Short Time Frame
Break of Structure and Making its Retracement
Completed " 13245 " Impulsive Wave and Making " a " Corrective Wave
#DXYCurrently, we are in the process of completing a correction space, there are three areas:
1-103.037
2-102,863
3-102.719
It was based on a combination of percentages of fibrizing waves with pivot points. The range of 102.719 is located in the vicinity of the static support range of 102.634 and provides suitable conditions for the upward trend.
In case of failure of 102.634 support, we can finally estimate the completion of an ABCD pattern according to the current conditions.
(There is no certainty that all targets will be touched.)
DXY is set for a rise!Currency Pair : DXY
Possible direction : Bullish
Technical Analysis : After market opening DXY has broken out the resistance with strong liquidity grab from the strong support zone. it is highly likely price will continue to rise as long term trend is bullish and we have seen multiple liquidity grab along the way
Possible trade recommendation : Bullish as per chart sketch
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Dollar Index Chart Analysis....
In this situation DXY chart create Bullish Flag Pattern.So,If breakout @103.777
resistance level, then market Buy UP to 103:999 ; @ 104.720 and 105:600 resistance level.
Then market need seems sell correction to nearest Support 104.950 level.
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