DXY (Dollar Index) | The best area for correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Dollar Index In the previous analysis, we considered two possibilities: in the first probability, a direct ascent to 94,000 and in the second probability of a descent to the lower side of the triangle and then a resurgence.
The first possibility occurred and the ascent was done. This ascent is related to wave c of wave 1, which is formed as five waves, and we assume that from this ascent, five waves of waves 1, 2 and 3 are complete, and now we are inside the fourth wave, wave 4 as The flat is formed and its last wave returns to the previous wave a of 2, and we assume from this other ascent point to Fibo 1.618 for wave c .
(But if the resistance or the end of wave 1 of wave c is broken, the hope of climbing decreases)
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Dxyforecast
DXY- More growth to come?After reaching a local high at 94.60, DXY corrected and dropped to 93.50 support
Yesterday, a bullish Engulfing has formed from this support and we can expect more growth in the next few days.
94.60 can be bulls target and selling rallies for eurusd, gbpusd, audusd and nzdusd can be a good strategy
DXY (Dollar Index) | Deep correction♻️Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index is forming wave c of wave four.
Within wave c it is likely that wave 1 is still forming.
Wave 1 is inside a leading triangle pattern.
From this pattern, it can be said that wave 5 has not yet formed and we assume that by hitting the lower side of the triangle, it will start its ascent by defeating the upper side.
And this ascent continues until around the middle line of the pink channel and then the descent begins again for the third wave.
As we have shown in the picture, the trend can continue its ascent to the bottom of the pink channel by breaking the upper side of the triangle.
It will also be able to start a downward movement from the same range by breaking the lower side and the roof of the pink channel.
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DXY (Dollar Index) | The best scenario for the fall 🔥Hello traders, Dollar Index in Daily Timeframe , As we expected from the dollar index , this decline also happened and it can be said that the decline has been completely confirmed.
The dollar index is within wave c of wave b at its higher time.
The -c- wave is forming its fourth wave, and according to the wave count in the image, a wave is forming from the fourth wave, which is probably also in the form of five waves.
This wave must first break the end of wave 3 and can continue to move to the middle line of the channel, the purple line.
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We're at a cross roads for the DXYWe're once again at a crossroads for the dollar index. We know that the fed taper will start in mid november which is overall bullish for the pair but it is mostly priced in and the supply of dollar is still on a upward trajectory until mid next year. The channel structure is still intact and it is our bias that it will need to break the bottom of the channel to liquidate longs before it can move up to reach higher highs.
BEAR CASE
A mild correction from here and more downside to test the bottom of the channel at 92.566.
BULL CASE
A larger correction may occur to form a bull trap but ultimately, we're biased to the downside for Q4 2021 and Q1 2022
DXY (Dollar Index) | Deep correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, if the channel that we identified in the previous analysis failed, before the formation of the five waves, there is a possibility that this structure is a correction, the previous wave was formed in the form of three waves.
We assume that the descending wave formed is a leading wave from the diagonal triangle for wave 1, we assume that it has ended in this region and the next wave, wave 2, has begun.
(This possibility is very uncertain and decisions are made only on the basis of structures)
After breaking the upper side of the triangle, we will have a probability of climbing to Fibo 0.618 to Fibo 0.5, ie the target is 94,000.
And if the lower side of the triangle fails, the countdown will change.
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DXY (Dollar Index) | Deep correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Della Index We think we are still inside wave 2 and from wave 2 wave c is being formed and it should be formed in the form of five waves.
We considered the targets for wave c , the most normal of which is Fibo 0.88, and we think that wave 2 will be completed and wave c will start in this region.
If this wave is completed as three microwaves, it will probably be wave 2 of wave 3 or wave b of wave 3 of the diagonal triangle.
If the bottom of the purple channel is broken, a drop will occur to some extent.
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DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, we had a descent for wave b from the second wave of wave c and this descent happened.
We guessed the depth of descent was less and longer in time.
The wave that started can be wave b from the second wave flat or it can be one of the microwaves, the third wave from wave c .
But in general we will expect a correction, the correction can be done from the same area or in Fibo 1.00 with the failure of the channel
And If Fibo 1.00 is broken, the downtrend will continue to move fast and strong.
The correction expectation we will have will be a maximum of 93,800.
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DXY (Dollar Index) | The best scenario for the fallHello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to this analysis and previous analyzes, we said that wave b is completed from wave four and wave c is being formed.
From wave c , we think that wave 1 is complete and wave 2 is forming.
We assume that wave 2 is long in time and flat in pattern.
From this felt, one or three waves are completed in a zigzag pattern and end on 0.50 fibo for wave 2 compared to wave 1.
And now we expect three more downward waves.
If Fibonacci 0.5 is broken upwards, Wave 2 will probably end in a zigzag pattern on Fibonacci 0.618.
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DXY LOOKS TO BE HEADED DOWN THIS WEEK! WILL BTC PUMP?Just a short statement here guys. The DXY has HISTORICALLY for the most part been correlated with BTC price movements especially when it drops, BTC usually goes up. When the DXY goes up , USUALLY (although recently BTC has been going up with it) BTC goes DOWN!
Just more supporting evidence for a BTC BREAKOUT THIS WEEK!
DXY (Dollar Index) | The last point to fall 🔥Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index of wave b has finished from its fourth wave at higher times and confirmed the formation of wave c and the decline in the form of wave c by breaking the black trend line .
Contrary to reports and news that confirm the rise of the index, our wave count will be quite the opposite.
And we think that in this region, the index with the suffering trend of wave 2 forms c and then there will be a re-descent for wave 3.
The field point of this Fabio analysis will be 1.38 for wave b .
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DXY (Dollar Index) | Sensitive position to determine the trend🔥Hello traders, Dollar Index in Daily Timeframe , According to the previous analysis and the scenario we considered, the dollar index is inside the wave b which is formed as a flat.
And from this flat wave c is being formed.
Wave c is a wave that determines the target of wave b relative to wave a .
In this sense, wave c is on the Fibonacci 0.38 for wave b .
And it is expected to go down to the middle of the channel.
And this descent occurs if the canal roof is broken downwards.
In general, the index is in a position that can move in two directions.
And if Fibo breaks 0.38, the uptrend will continue.
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DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, wave 1 was probably completed from wave c and the second wave, as we said, started.
Wave 2 is formed as a flat.
For now, we prefer not to count this wave.
From wave 2, wave a is probably over and now we are inside wave b . We think that wave b will start its ascent for wave c by hitting the bottom of the pink channel.
Of course, wave b is such that it forms the state of the prescribed three waves and moves close to the bottom of the channel, and in case of complete failure of the purple upward trend line, it can be said that wave c has started.
The target for wave c will be the minimum channel ceiling and the maximum up to Fibo 0.618 and finally Fibo 1.618 relative to wave a .
If the bottom of the pink canal is broken, the hope of climbing will decrease.
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DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
We expected the dollar index to be a five-wave longer wave as a triangle leader. but it did not happen.
And it ended in the same area.
The scenario was that we are inside the fourth wave that wave b is forming and wave b is currently over in our view unless the scenario changes.
Wave c started and this wave formed the first microwave, wave 1.
Wave 1 in the form of five waves is progressively making its last wave, wave 5. It is expected that wave 5 of 1 will start the second wave for wave c after hitting the channel ceiling or finally Fibo 1.00.
However, it should be noted that wave 5 can also be an extended wave.
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GOLD (XAUUSD) | The best point to climb🚀Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
The dollar index completed the triangle of 4 wave c .
The wave structure of the 4 was not that it could be considered a flint, in fact because of the swinging and unavailable moves, and each of these movements in the form of 3 waves, the structure is more like a triangle.
In this wave triangle e , there is a very short movement down and indicates the dealers of the seller.
Therefore, the wave is likely to form a longer time and perhaps as a leading diameter triangle.
But in terms of precipitations, the Fibonio 2.618 for wave c will move in proportion of wave a, if most of this wave, this wave is.
And it should be said that if the green line failure, the decline is likely to be confirmed.
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DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
The dollar index of wave b is within wave c of four hours in time, and this wave will be one of five waves.
From wave c we think that waves 1, 2 and 3 are formed and wave 4 is being formed. According to the current structure, this wave is likely to be formed as a triangle and from this triangle the waves e and d remain, Wave d ends on the upper side of the triangle and wave e is likely to hit the lower side of the triangle and form the fifth wave of wave c in the middle of the path. The fifth wave can eventually reach Fibonacci 2.618 for wave c. Move relative to wave a so wave five is weak and short.
If the blue trend line and the lower side of the triangle are broken, the descent will be confirmed.
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DXY (Dollar Index) | The last point to fall 🔥Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
At this time, we still preferred that the wave count be arranged in the same way as the previous analysis scenario.
In this scenario, the dollar index is inside its fourth wave at higher times and is forming from the fourth wave of wave b. Wave b has reacted exactly to Fibo 1.38 and is building a ceiling. Move towards this Fibonacci and will continue its decline for wave c to Fibonacci 1.27.
But if wave b moves beyond Fibo 1.38, wave c cannot pass through the end of wave a .
Also, the zigzag formed for wave b , wave c relative to wave a if it moves beyond 2.618 will be completely analyzed field.
It should be said that we had other scenarios in mind, and if the black trend line is completely broken, the decline will be confirmed.
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We can expect the dollar to get weaker due to negative NFP US dollar index is trading close to the September 2020 high. I expect price to extend towards this high at around 94.760 and fall to 93.500 and later to 92.000.
This September 2020 high is very strong as price reacted there quite sometimes, acting as support and resistance in the past. I believe price will be held strongly there and bears will defend this area and push price down.
With NFP data that came out negative on Friday, I expect the dollar to weaken the coming week.
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DXY (Dollar Index) | Probability of the last climb🔥Hello traders, Dollar Index in Daily Timeframe , In daily time we are still inside wave b and wave b has been flat, with waves a and b formed and the last wave (wave c) remaining.
Microwave, wave c will be counted in four hours, but in this time we generally considered two possibilities.
In the first probability, after the break of the Fibonacci 0.38, wave b continues to climb to the Fibonacci 0.50 relative to a , and in this Fibonacci trend, the trend should continue to be ascending or descending.
And in the next possibility, a decline will form and continue to the middle line of the channel, and then there will be an ascent again.
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