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.
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Dxyforecast
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.
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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.
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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.
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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.
DXYHello Traders Welcome back to another profit day
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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.
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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.
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.
DXY- Higher low in place?As I said a few days back, I expect a break above resistance in DXY's case.
As normal, after touching resistance, Dollar Index corrected some and, at this point, we can have a higher low in place.
Confirmation for bulls comes with a clear break above and a drop under 92.50 invalidates the bullish scenario
DXY (Dollar Index) | Small 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 this analysis, we examined the c wave.
We are in wave c within wave 5 and I set three price targets for it.
The first price target of Fibo was 0.38, to which the price reacted, and this indicates that one of the microwaves of wave 5 is forming, and wave 5 is not yet complete, and after the complete break of this Fibo and the peak. Previously, the price will move towards Fibo 0.50 and if Fibo breaks 0.50, the price will move to the next Fibo.
This analysis is fielded if the price crosses Fibonacci 0.618 and the warning sign.
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DXY (Dollar Index) | Small 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 this analysis, we examined the c wave.
We are in wave c within wave 5 and I set three price targets for it.
The first price target of Fibo was 0.38, to which the price reacted, and this indicates that one of the microwaves of wave 5 is forming, and wave 5 is not yet complete, and after the complete break of this Fibo and the peak. Previously, the price will move towards Fibo 0.50 and if Fibo breaks 0.50, the price will move to the next Fibo.
This analysis is fielded if the price crosses Fibonacci 0.618 and the warning sign.
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DXY (Dollar Index) | The best spot to fall📍Hello traders, Dollar Index in Daily Timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
As I said in the previous analysis, the dollar index is completing wave (c).
In wave (c) waves 1, 2 and 3 are complete and now we are in wave 4, wave 4 is probably a flat and for this wave 3 I considered Fibonacci price targets of 0.38, 0.50 and 0.618, which if any of these are broken. Fibos can move to the next Fibo.
In this analysis, wave 5 is determined based on the Fibo price target of 0.38 for wave 4, and if this Fibonacci is broken, the price target for wave 5 will also change.
If the price crosses the warning sign (end of wave 1), this analysis will be fielded.
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DXY (Dollar Index) | The best spot to fall📍Hello traders, Dollar Index in Daily Timeframe, this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
As I said in the previous analysis, the dollar index is completing wave (c).
In wave (c) waves 1, 2 and 3 are complete and now we are in wave 4, wave 4 is probably a flat and for this wave 3 I considered Fibonacci price targets of 0.38, 0.50 and 0.618, which if any of these are broken. Fibos can move to the next Fibo.
In this analysis, wave 5 is determined based on the Fibo price target of 0.38 for wave 4, and if this Fibonacci is broken, the price target for wave 5 will also change.
If the price crosses the warning sign (end of wave 1), this analysis will be fielded.
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DXY- Will it break?Since the recent 89.50 low, USD Index is trading upwards, putting in higher lows on our chart.
At this moment DXY is facing resistance at around 93 and a break looks imminent.
If we indeed will have this break, 95 is the next target.
This outlook is valid as long as the price stays above the recent low
Selling EurUsd, GbpUsd, AudUsd and NzdUsd can be a good idea
DXY (Dollar Index) | The best point to climb🏹Hello traders, The dollar index in the weekly time frame, This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe.
according to the chart, we are probably at the end of a correction process and now we are in the leading waves (impulse).
In these leading waves (impulses) waves 1, 2 and 3 are complete and now we are inside wave 4, waves a and b (completed as 3 waves which is a sign of flatness) are wave 4 completed and now we are inside wave c (which It is in the form of 5 waves) which completes wave 4 and starts wave 5 after hitting the bottom of the channel.
Given the positive economic news in the US, we can expect the price to rise from the current price, but the best point to climb the bottom of the channel is purple.
If the canal floor is broken, the scenario will change.
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DXY (Dollar Index) | The best area to fall📍Hello traders, Dollar Index in 1 Hour Timeframe, this analysis is prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
According to the previous analysis, the dollar index is forming wave 4, and wave c seems to be in the form of a complete triangle.
After the end of wave c with the end of wave 4, wave 5 starts and we expect the bottom of the pink and Fibo channel to move 0.50-0.618 and even beyond.
Due to the presence of Fibo 1.618 for c wave in this area, it is a great area for price return.
If the price crosses the warning sign, this analysis will be fielded.
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DXY (Dollar Index) | Small correction to form a wave 4♻️Hello traders, Dollar Index in 1 Hour Timeframe This analysis is prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
The dollar index is still forming wave 3 microwaves.
The first probability that the price will move to the bottom of the pink channel after breaking Fibo 0.618 (Fibo 1.618 for wave 3 and Fibo 1.27 for wave C) and the price of 91.784 if this area breaks, the price will probably fall to Fibo 2. There is .00 and in case of failure of the black channel, wave 3 will be of the extended type.
The second possibility I have is that the price will move to 0.38 after breaking the Fibo 0.618 to form the Fibo 0.38.
In case of complete failure of the channel roof, the upward trend will be completely.
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