Dxyforecast
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 DAILY TIMEFRAMESNIPER STRATEGY
DXY Daily Timeframe
So us dollar index is falling guys
I warn you again there might be pullbacks but it will pay off and rewarding the believers hugely
And once again start believing
DXYEven though US CPI was bad, price still seems to have bullish momentum. Will be looking for buying opportunities.
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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DXY, CHALLENGING WITH BROAD CHANNELDXY is firmed a wedge in lower timeframe, While, a broad channel surrounded the price for 14 weeks.
Price needs to break the channel to goes up or down.
So, Sell or buy that, when hit the bottom or touch high.
DXYPrice seems to be correcting forming a reversal pattern. With CPI coming later on l'd be cautious with my trades.
DXYPrice formed a double top on a resistance zone, this confirms that the dollar will weaken. Short term or long term is the question?
USD (DXY) is Strong, for now....Looking at the US Dollar Index (DXY), USD is showing strength, breaking structure to the upside. It has entered a 4H bearish OB, and we are going to monitor it behavior here. Will it reverse soon? There is huge potential for that to happen. Price may show weakness in the next 48hrs, but for now, I would play the xxxUSD pairs to USD strength.
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.
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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.
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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.
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DXY potential extended correction then DUMP!DXY saw some upwards consolidation this week. We could see more of it in the coming week but the upside is capped.
BULL CASE
The 93 level should form some kind of resistance for the index and shortly after it should dump to the downside.
BEAR CASE
The pair could reverse from the 200MA and retest the 91.5 level.
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
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DXYPrice was dropping since Wednesday, but the move was more corrective then impulsive which confirmed to me that price is still in an overall bullish trend. And PPI will be released in less than 30 minutes, the result will surely have an impact on the market.
