Dxyforecast
DXY Trading Plan - 30/mar/2023Hello Traders,
Hope you all are doing good!!
I expect DXY to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
DXY Index Next Possible MovePair : DXY Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame as an Correction with the Breakout of the Lower Trend Line and Retracement
Divergence
Break of Structure
Completed " 1234 " Impulsive Wave at Fibonacci level - 38.20%
Exp FIAT as an Correction in Short Time Frame and Rejection from the Lower Trend Line and Fibonacci Level - 78.60%
Impulse Correction Impulse
views in dcb for DXYTVC:DXY made retracement of 61.8% successfully after made a significant downtrend and reversed from a strong resistance zone. now if it breaks 101.3-100.8 it will down till 99.8-99.4 to 97.7-96.9 and moreover 97.02 also a fibonacci forward zone of 127.2%. allover trend is downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
Dollar Index Chart Analysis....
In this situation DXY chart create elliott wave Pattern. So,if breakout market
102:700 support Level Then market need long sell correction to nearest 102.200 and
101.100 Support level. If breakout 104.000 resistance level, then market will go up 105.
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 returns to the wedge pattern?📈TVC:DXY
INDEX:DXY
TVC:DXY
⚡These two scenarios are expected to occur in the dollar index. A break or resistance of the 102.598 level is very important to determine the continuation of the trend.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
DXY road to 92, SHORT THE USDThe PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR.
Other economic factors why the DYX is looking weak are:
-Inflation: High inflation can erode the value of a currency, as it reduces the purchasing power of consumers and investors. If the US experiences sustained high inflation, it could weaken the US dollar even if interest rates are high.
-Economic growth: If the US economy is not growing as quickly as other economies, it could lead to a relative decline in the value of the US dollar. This could be exacerbated if other economies are experiencing strong growth and higher interest rates.
-Geopolitical risks: Political instability, trade tensions, and military conflicts can all increase risk and uncertainty, which can lead investors to sell US dollars and seek safer assets. If the US is perceived as a less stable or secure country, it could weaken the US dollar.
-Debt levels: High levels of debt can make a country more vulnerable to economic shocks and reduce its ability to stimulate the economy during downturns. If the US experiences a sharp increase in debt levels, it could weaken the US dollar.
-Market sentiment: Investor sentiment can be influenced by a wide range of factors, including news events, social media, and market psychology. If investors become pessimistic about the US economy or the prospects for the US dollar, it could lead to a decline in demand for US dollars and a weaker currency.
DXY Chart Analysis....
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 Next Possible MovePair : DXY Index
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Impulse Correction
Rising Wedge as an Corrective Pattern and Breakout the Lower Trend Line and Completed the Retracement
dxy nfp setupseems like this news is setting dxy for a nice pull back after that last explosive move if 104.200 holds we can see another leg up for a move up since dxy made a higher high im still bullish biased over all this pull back most def was needed
now if the next push up doesnt break that last dxy high we could see seelers start to step in
DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DOLLAR INDEX: Bullish context in short-medium term?Hi everyone!
There would be a lot to write about the fundamentals of the US dollar, but time is very precious so I'll just try to translate fundamental analysis into technical analysis with this hourly chart.
I hope it can be useful to someone anyway...
...trade with care! 👍
If you think that my analysis is useful, please...
"Like, Share and Comment" ...thank you! 💖
Cheers!
PS: I would also like to know your opinion about dollar index, what do you think? Post your opinion in the comments....
A.B.