Rising channel for DXY 1WWith the rising higher highs and higher lows in the close time period, I find this more appropriate to call a channel than a wedge. To call it a wedge, we should ignore this structure and in my opinion it is better to focus on the channel idea.But who knows what happens in the future :) this is my own idea, not a financial advice. Wish you all a great day!
Dxychart
Dollar Index Chart Analysis....
In this situation DXY chart Lower high wave.So, market need
seems sell correction @ 105:2700 and 103:878 and 102:300 support level.If breakout 108.500
resistance level, then market Buy UP to 109:680 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY create bearish butterfly pattern. So, Short sell Now
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
US DOLLAR (dxy) to fall to 92.00 region and beyondBased on my Elliot wave count, I started shorting the dollar since 94.70 price region. because it is evident that a new impulse wave as resumed towards the downside.
I am expecting more downpour ahead to a minimum of 92.00.
If you find this analysis useful kindly like and share.
Thank you
[DXY] How to use Fibonacci IndicatorHi guys !
This a simple chart with a explicit Fibonacci Indicator. Many people asking me how to use it, it's easy, have a look.
Story : Fibonacci was an Italian mathematician (1175 - 1250). He discovered this number sequence like this: Each numbers is calculated by adding the two previous numbers, for exemple : 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89...
The special thing in this sequence is that every numbers is 1.618 of previous and 0,618 of next one. And as you know, 1,618 is the "Gold number" .
(Hope my english is not too bad haha)
1 - Choose a higher and lower price (downtrend) or lower and higher price (uptrend)
2 - Fibonacci will retrace different line at 23.6, 38.2, 50, 61.8, 78.6 and 100 %
3 - Theses line will be the next supports / resistances in the correction / bounce
You can use it to place the best order (BUY or SELL) and make more profit.
Ask me for any questions !
Thanks for your time.