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Dxyforecast

DXY (Dollar Index) | The last rising wave of the DXY🚧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 conditions created have changed the form of the wave count and I have a new perspective in this analysis. Based on this wave count, waves 1, 2 and 3 have been completed in higher timeframes and now wave 4 is being formed. In wave 4, we expect the formation of a double zigzag, from which the double zigzag wave w is completed and wave x is being formed. In wave x, waves a and b are completed and wave c can end from this point or finally the channel ceiling and then wave (w) can start. If the warning sign is broken, this analysis will be 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 point for 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. In the daily analysis of the dollar index , I identified two possibilities (the beginning of wave 5 or still further ascent to form the structure of wave c from the wave of wave). In this analysis, I considered the start of wave 5 from this point. In this probability, wave 1 of wave 5 is being formed and I think the end of wave 1 of wave 5 will be completed at the bottom of the pink channel, which I marked as a dotted line, and then wave 2 will start (although the end of wave 1 of 1 should not be broken. And in case of breakage we must consider other structures). If this decline ends at the bottom of the specified channel, the correction that is made for this move is better not to correct more than Fibonacci 0.618. 🙏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 last rising wave of the DXY🚧Hello traders, The dollar index in daily timeframe ,Waves a and b are completed at higher times and now wave c is being formed. In wave c, waves 1, 2 and 3 are formed and now waves 4 and 5 must be examined. Wave 4 is formed as a flat, from this flat wave c is probably completed. If wave c is completed, wave 4 is over and then wave 5 is formed, and at lower timeframes the correction should not go beyond Fibo 0.78. In case of further correction, wave c and wave 4 have not been completed yet, and the last wave, wave 5, must be completed. 🙏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
5
DXY theoryMy first Idea, a theory as advertised..do with it as you will. higher time frame shows price action in the process of the left shoulder of head and shoulders pattern(as every short idea will let you know but can be seen on daily chart) . once price breaks out of wedge the short term direction will be clear(although more room for the downside than upside).. if miracles happen and it completes the head and shoulders with the explosion of price(bearish) means a long position on quite a few forex pairs and commodities would be favourable. naturally the way you play this depends on your strategy, if you are cautious and reactive wait for the scenario to play out then make your move(bearish price movement below wedge should peak your interest) or predictive/pro-active if you are feeling risky and getting in/off of left shoulders is your thing then do it. im posting this on a friday so i expect some dollar bullishness when the market closes as i am currently seeing that while typing this, so wallstreet and market makers can give themselves hi 5s and pats on the back whilst chanting in unison "U.S.A!" for as they enter the weekend so they can enjoy their weekends as mortals do before they turn back into sharks when the market opens. some additional info if you need it would be wise to use dxy as a confirmation for your trades, if you love trading gold as I do..if the dollar is weak then buying gold is a sure fire way to gain some net(profits). dollar strength or weakness makes many pairs strong or weak regardless of whether the usd is used in the trade or not due to America being a greater influence on the world other than their currency being the biggest baddie in the entire prison. if you are purely a technical trader then analyzing the dollar would be closest you get to fundamentals as possible, if you have some favourite forex pairs take some time to see how it reacts to the price action of the dollar. the most notable pairs that i take note of is gbpusd,usdjpy and usdcad as they love moving with the dollar .
TVC:DXYShort
by RyanYoung87
DXY (Dollar Index) | The latest wave of the downtrend🚧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 4 was formed, but the shadow of the last candlestick went beyond the end of wave 1, and the validity of this wave count has decreased to some extent, but according to the analysis based on Price Action, the descent is still valid. We are currently in wave 5, which will be completed as a pullback on the channel. At the moment, we have identified two price targets for Wave 5, after which we are waiting for the formation of Wave 2 in higher timeframes. If the high price of resistance (end of wave 1) stabilizes, this wave count 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:DXYShort
by mahdisoltaninjad
3
DXY (Dollar Index) | The best spot 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. As I said in the previous analysis, we assumed that wave 4 formed outside the channel and wave 5 was completed as a pullback on the channel. Now we are waiting for wave 5 to make its move before the end of wave 1 and to complete a complete cycle for the wave of a leader in higher timeframes. The price has conditions to fall from this point, but the best point is the purple circle. This analysis will be field if the price crosses the warning sign. 🙏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
4
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. As I said in the previous analysis, there is a leading downtrend for wave 5 at higher timeframes. Now we are waiting for the completion of wave 1, in wave 1 waves 1, 2 and 3 are over and now we are inside wave 4. There are two possibilities: First possibility: wave 4 is completed at this point (channel ceiling) and the price moves to the bottom of the channel to form wave 5. Second possibility: the ceiling of the channel will be broken and wave 4 will be formed outside the channel and wave 5 will be completed as a pullback to the channel. 🙏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
2
DXY (Dollar Index) | The best scenario for the last 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 this analysis, I examined wave 4 at higher timeframes. Wave c is completed from wave 4 to 5 waves, in this cycle 5 waves of wave 3 were extended. Current trends: In this analysis, we identified two possibilities: Probability 1 (blue trend): Wave (1) completes microwaves 1, 2 and 3 and we expect wave 4 to be completed at the bottom of the channel, then wave 5 will be formed at the bottom of the channel and at the end of correction for wave 2. Probability 2 (purple trend): Waves 1, 2, 3, 4 and 5 for wave 1 are formed in the form of a leading triangle and will confirm the correction channel for wave 2 after breaking the ceiling. 🙏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) | Small correction♻️Hello traders, The dollar index in daily timeframe, wave 4 is formed and finished, and wave 5 is forming for wave c in higher timeframes. I expect the price to react to the midfield of the purple channel and continue its downward movement to form wave 5. The minimum price target for this decline is the purple channel floor. If the purple channel ceiling is broken, this analysis will be 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
Humpty dumpty DXY falls off the wall. All the kings horses and all the king's men. DXY has failed to hold this the top of the channel for more upside. We should see more downside in the upcoming week after a short-term relief rally at the start of the week. BEAR CASE We are targeting 92.2 as the exit and enter when the RSI hits overbought region on the hourly chart BULL CASE If our preferred scenario does not hold up, we should see some kind of resistance near the 94 level.
TVC:DXYShort
by IkanBilisCapital
DXYHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. DXY look like try to broke support Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
TVC:DXYShort
by Bexi03
3
DXY ready to moon from here in anticipation of Fed taper?The DXY broke out of the range it was trading in since 20th Jul 2021. Whilst bullish, this break upwards may be a fake out and we should not be surprised if price falls back in within the range and subsequently retest the bottom of the range. We think the week will start bearish before finding support near the 93.1 levels at which it is crucial to wait and see the market's next move. BEAR CASE If price fails to break the ATH at 93.74, we think that the bull run may be cancelled and price to retest the bottom of the channel at around 92.0 BULL CASE If the 93.1 level holds, we should see prolonged upside for the DXY as we go into the last quarter of the year.
TVC:DXYShort
by IkanBilisCapital
No man's land but potentially more downside for the DXYThe dollar index ended up breaking downwards this week. It is in no man's land between the channel formed by the 93.188 and around the ~92 levels. BEAR CASE We think there's likelihood for the price to find more downside to test and potentially even break the bottom of the channel to hunt the stop losses around the 91.8 and 91.5 areas before finding more potential upside. BULL CASE If price were to move upwards next week, we expect price to be rejected by the top of the channel and potentially form an ascending triangle pattern for a potential break to the upside.
TVC:DXYShort
by IkanBilisCapital