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DXY is reaching major resistance levelUS Dollar Index (DXY) analysis: Recently you have seen or heard a lot about DXY and its impact on the market. So what is US Dollar Index (DXY) The US Dollar Index is used to measure the value of the dollar against a basket of six world currencies - Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. That means if DXY goes up the other currency value goes down and vice-versa. Bitcoin is also inversely related to US Dollar Index (DXY) means if DXY goes up then BTC and crypto market price dumps and if DXY goes down then BTC and crypto market price pumps. DXY formed a double bottom on the weekly chart and now almost completed the pattern. The major resistance for DXY is 94.785 and if DXY breaks above this resistance then we see a heavy sell-off (dump) in the crypto market. Although this is weekly major resistance so we expecting a reversal from this resistance that gives some space for BTC and crypto market rally. Keep an eye on DXY. The next 2 weeks are very crucial for BTC.
TVC:DXYShort
by Bitcoinik
DXY (Dollar Index) | Last chance to fall🚧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 decision we made in the four-hour time, we still consider this wave to be a correctional wave. And from this correction, we examined wave b. In wave b wave c is forming and from wave c we think wave 5 is not over yet. Microwave, wave 5 is formed inside the channel and until its third microwave, this channel is standing and We think Microwave 3 ended with a collision with the channel ceiling at Fibo 1.618, and now we have to wait for Wave 4. Of course, Wave 3 can continue to climb to Fibo 2.00 if there is power by breaking the channel ceiling, but we are currently considering its normal state. Expect the formation of 4 microwaves in the form of flats also with the failure of wave 5 channels and in the zigzag channel mid-line tag wave b at larger times. And if wave 4 enters the range of wave 1, this analysis will be relatively field. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
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 completely broke our previous analysis point in Fibo 0.88. And if this point is broken, we were supposed to consider this wave as wave 5, but from what we have examined, the most logical case for this wave is wave 4. But this time we considered it not in the form of twin zigzags but in the form of irregular flats. And the last chance to consider this wave as a correction will be Fibo 1.27 for wave b of the plate, and if it breaks again, we will say for sure that these waves were impulses. Because the ratio of a and c waves will be very unusual. In general we will expect to climb to the specified point and then descend for wave c . 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
ICEUS:DXYShort
by mahdisoltaninjad
DXY (Dollar Index) | Last chance to fall🚧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 two analyzes we mentioned that wave 5 of wave c of wave x may not have formed. However, in the previous analysis, we rejected this issue, but still showed that we would expect a not so long ascent. This happened, but not in the form of wave 2, but in the form of wave 5 of wave c . The dollar index is in an area that, if the downtrend does not occur, the whole scenario will be fielded. And the probability we are considering now is the formation of wave 5 of wave c in the form of a leading triangle, and from this point we see a drop that could break the 93,000 support range. Of course, it should be said that wave 5 in Fibo 0.618, if it moves inside the triangle, it can continue to climb and then start falling. Our Fibo 0.88 field point is broken and this will be the last hope to confirm this scenario. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
1
DXY (Dollar Index) | The best area to fall 🏹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 investigations, our team came to the conclusion that wave x is over and now the waves, wave y are forming. From the wave y we think that a wave 1 is formed and wave 2 is being formed, which is formed in a flat and very deep form. . We are likely to have an ascent to around 93,450 and then a descent to the end of wave 1. In case of complete failure of Fibo 0.88, this analysis will be completely fielded. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
1
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. In the analysis four hours ago, I said we would expect another microwave for wave x from wave 4 at higher times, and that's what happened. But still the general nature of this wave and perhaps the nature of the previous waves in the index is not yet clear to us and we will expect the structure to change and the structure to change the waves to each of the three scenarios we published in the daily analysis. Currently, Fibo 0.88 is the maximum correction of the wave x for the wave w and there is a point where we will expect the price to rotate and the wave y to start, and in case of failure, the scenario will change and we will be ready to climb further. And if the descent returns to the specified point for wave 4 and y , it will probably continue. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
ICEUS:DXYShort
by mahdisoltaninjad
1
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. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
8
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. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYLong
by mahdisoltaninjad
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. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
6
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. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYLong
by mahdisoltaninjad
3
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. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
ICEUS:DXYShort
by mahdisoltaninjad
1