DXY (Dollar Index) | The best spot to fall🔥Hello traders, Dollar Index in Daily Timeframe ,In the dollar index , as you can see in the chart, wave c is formed in larger time.
Wave c has probably completed waves 1, 2, and 3 itself, and we are now forming wave 4 or wave 5.
Wave 4 is formed as a flat and over a very long period of time. In our opinion, this flat is in its last wave, wave c .
We examined wave c in four hours and it is not possible to say exactly whether this wave is completed or not.
In wave c of wave 4 felt:
We will have three possibilities to move
Wave 4 is not composed of wave c and after descending to the middle lines of the channel, it completes and starts wave 5.
In the second case, wave c is complete and can continue down to the bottom of the channel.
And the third possibility of wave 4 of wave c is already completed and microwave 5 of wave c is forming.
We divided the channel based on Fibos and now the trend is at 0.88 Fibos and in case of upward failure the third probability is confirmed.
Otherwise, the decline continues to the middle lines, and if you react to these lines and change the trend, the first probability will be confirmed.
In case of complete failure of these downward lines, the second possibility will be confirmed.
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Dxyforecast
DXY (Dollar Index) | The last ascent 🏹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.
In the previous analysis, we expected the dollar index to fall to the level of 93,000 to 92800, and the same thing happened and had a reaction in the range of 93000.
Of course, we said that the wave that formed downward had a wave 1 of one of the y waves in mind.
And now our perspective has changed relatively:
And I think wave x is not complete and still standing.
We have not changed the wave count yet and I will wait until the move we have specified, ie the normal ascent to 93450, occurs and then we make the necessary changes.
If the red dot range and the range 93000 to 92800 are completely broken before the ascent we are considering, we declare wave x over and wave y started.
And if the trend moves above Fibonacci 0.88, this scenario will lose its validity.
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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.
As we said in the previous analysis, wave four has ended and wave 5 has been completed sharply in the target, and it should be said that waves x and c have also been completed.
And now wave 1 is being formed from one of the waves w . We have two ranges for the first microwave. Ranges between 91,000 and 90,800 that I specified, and I think wave 1 will be completed around these two ranges and wave 2 will be formed.
As you know, the economic situation in the United States is such that the waves may be restructured at any moment and the field point of this scenario may be hit.
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DXY (Dollar Index) | The last ascent 🏹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.
Wave 4 of wave c Zizag wave x ended in Fibonacci 0.38 and now wave 5 is likely to form, wave 5 in Fibonacci 0.88 for wave x and Fibonacci 1.27 for wave c are expected to end, and Moving beyond that makes this scenario fragile.
Also, due to the small size of wave 4, we assume that this wave will continue and after the complete break of the midline of the channel, it will have another descent to the previous floor, ie the range of 93000, and then wave 5.
If the warning sign is broken, the hope of another climb for wave 5 decreases.
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DXY (Dollar Index) | The best area 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.
Suppose we have wave x another microwave to complete and start wave y .
Of course, the wave is counted in such a way that there are possibilities inside it that are far from the mind, therefore, the index has the ability to descend from this limit and before ascending again.
Currently, we are considering the possibility of climbing to the Fibo target of 0.88 and hitting the roof of the channel again.
If the price crosses Fibonacci 0.88 and its slope is such that it breaks the channel ceiling, the probability of falling for wave y is reduced and this analysis will be field.
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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 are still inside wave x and we are forming wave c of zigzag and based on the previous analysis, wave 3 is formed on the roof of the channel and now we have to wait for wave 4.
As we said, Wave 4, due to the deepening of Wave 2, will probably make a shallow correction, and after completing it at 0.38 Fibo, and perhaps the larger Fibo, will prepare itself for Wave 5.
The warning sign is located at the point where most of the waves have rotated and ended. We think that if this range is broken, the probability of climbing for wave 5 is greatly reduced.
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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.
In the dollar index, the wave x is still completing.
In wave x we had a zigzag that creates wave c, wave c has completed its 1,2 waves completely, and now wave 3 has its last microwave, wave 5, formed on the ceiling of the channel in question. .
In this range, we will expect correction for wave 4 of wave c , and due to the deepening of wave 2, we will have shallow and maybe long waves.
Wave x corrects the wave w more than usual and we still think that Fibo 0.88 will be the last area for price rotation and wave formation y.
If you move beyond this Fibonacci, this scenario will be fielded.
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DXY to push higherSince January low under 90 figure, DXY has traded higher confirming this low as an important one.
Also, since June, the price action is very constructive putting in higher lows on our daily chart.
At this moment DXY is trading again in resistance zone and there is a high probability of a break here in the next few days.
95 zone is my target for the index
DXY (Dollar Index) | The best scenario for the fallHello 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.
In this analysis, we looked at the possibility of having another climb to the daily channel ceiling of 94,000.
As we said in the daily time, wave c may not be complete, and we brought this possibility in this time.
As you can see in the chart, Wave 3 is formed as a very normal structure, but beyond the usual fibos, and now Wave 4 is being formed. Wave 4 will probably be double zigzagged, and this structure and deep correction will be formed because of Wave 3, which is very large. .
We examine the process in more detail:
The wave x is made up of 4 and the target we are currently considering is Fibo 0.88 and I think the wave y will start from this current point or Fibo 0.88.
If the climb continues above Fibonacci 0.88, the expectation of a decline will be greatly reduced
And if the descent to the specified point, ie 91,500, is greater, this probability will be fielded.
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DXY (Dollar Index) | An important area to start the downtrend🔥Dollar Index in Daily Timeframe, In the dollar index, a wave c is formed in a larger time frame.
Wave c completes waves 1, 2, and 3, and we are now forming wave 4 or wave 5.
Wave 4 is formed as a flat and over a very long period of time. In our opinion, this flat is in its last wave, wave c.
In this analysis, we examined wave c in four hours, and it is not possible to say exactly whether this wave is complete or not.
In this analysis, I considered both probabilities. If wave c is over, wave 4 will be completed in larger times, and the last wave, wave 5, is already started.
We assume that wave 5 will continue up to the bottom of the orange canal, otherwise we will have another ascent to the canal ceiling.
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DXY Dollar Index Losing Momentum $90.45This is your tarot chart reading per event.
DXY is the most important highlight to watch for all marketeers and traders. DXY is normally to calculate the relative between other currencies and some commodities.
1st rebound is on 7th January 2021
2nd rebound is on 1st June 2021
DXY is good performer when it comes out with stimulus projection or stimulus release.
This year 2021 pattern took some major constructive pattern.
January to March = strengthen
March to June = weaken
June to Sep = strengthen
Thus, we can expected Q4 the US dollar index will be weaken. As clearly shown that the pattern development on the current constructive pattern is losing.
The steam of strengthening losing it's momentum as the stimulus of injection dollar to the market gained less traction control.
Based on my calculation, there will be no more upscale towards the dollar projection.
Q4 is coming and the all indices will be going into depression.
Thus, I am predicting the dollar will hit the value of $90.45 starting next week course developing trend.
Zezu Zaza
2048
More upside for DXYThis week's price action for all the pairs came at a bit of a surprise but not totally unexpected. It reminds us again why it's so important to control the risk in your trades. We expect DXY to see farther gains to retest the top of the channel once more.
BULL CASE
DXY to move farther up from here to retest the top of the channel at around 94.5
BEAR CASE
There's a potential head and shoulders set up here on the 4 hr if our initial hypothesis holds, we will see a dump here and a retest of 91.5
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 are still inside the x-wave, in wave x the waves a and b are completed and we expect the formation of wave c , wave c waves 1 and 2 have ended on their own.
And now Wave 3 microwaves are being completed.
We think this wave will end in the middle of the channel and close to the price of 93,200, and then the correction for wave 4 will start from wave c.
This analysis does not have a specific field point, but in case of failure of the channel floor, the hope for this ascent decreases.
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DXY (Dollar Index) | 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.
As we said in the previous analysis, the dollar index is forming a wave 4 in higher times,
Wave four will probably be a double zigzag whose wave w is over and we are now forming wave x.
Wave x is a zigzag from which wave a is complete and wave b is probably over.
In the previous analysis, we said that if the price breaks the Chinese line downwards, the hope of climbing will decrease and the downward trend will continue until the very low targets.
But this dashed line was not broken and the wave b ended in a flat shape and now we will wait for the ascent and formation of wave c from wave x.
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DXY (Dollar Index) | Climbing ScenarioHello 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.
In the daily timeframe analysis, we considered 2 possibilities for the dollar index (falling from the same point or another ascent and then starting the downtrend).
In this analysis, we considered the second possibility.
According to the previous analysis, a decline was made and now the trend is at the bottom of the channel.
In the previous analysis of this descent, we considered one of the microwaves (y) and considered the trend as descending.
But I do not think this microwave motion is from (y) and the x wave is still forming.
It is better to consider a few points. If the downward channel is broken and also the dashed line is broken, the probability of the target we intend to climb is reduced.
But if the buying pressure increases from this point, the price will move to our target.
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