DXY (Dollar Index) | The last downward waveHello 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 is still forming wave 4. In wave 4, waves a and b are complete and wave c is forming.
In wave C, waves 1 and 2 are complete and now we are inside wave 3, and one of the microwaves of wave 3 reacted to Fibo 1.27 and returned.
If it can not break this Fibonacci in the next decline, in this case we expect the price to move up to the ceiling of the pink channel.
After the price hits the channel ceiling, we expect the dollar index to move to the next move to Fibonacci 1.618, which is at one point with the red channel floor.
If the bottom of the red channel is completely broken, this analysis will be fielded.
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Dxyforecast
DXY (Dollar Index) | The best spot to fall📍Hello traders, Dollar Index in Daily Timeframe, this analysis is prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The dollar index is in its own wave c and we are now in its 4th wave.
If the price breaks the pink channel floor and then breaks the Fibo 0.618, in this case, the possibility of the dollar index rising will be filled and we will expect the price to fall further.
If the price rises from this area, the price will move at least to 0.38 after breaking the blue trend line, and if this area breaks, it can move to the next targets, but should not cross the end of wave 1.
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DXY (Dollar Index) | The best area for price returns📍Hello traders, Dollar Index in 1 Hour Timeframe, this analysis has been prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
As in the previous analysis, I said that the price in the form of wave 3 could reach Fibo 1.618 on its own, and we expected it to have a small correction before this move, but this correction was done at a lower price.
If the index does not continue this correction and its side motion is less for wave 3 microwaves, it indicates the strength of wave 3 and increases the possibility of breaking Fibo 1.618, in which case wave 3 is of the extended type.
If wave 3 microwaves have a small ascent after a side mode, it indicates the formation of wave 4 at the channel ceiling.
If the channel floor is broken, this analysis will be fielded.
If the bottom of the canal is broken, wave 3 is of the extended type.
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DXY (Dollar Index) | Small correction♻️Hello traders, The dollar index has been released 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 previous analyzes, I said that this wave-C is from wave 4.
And now we are inside the C wave, the C wave is probably completing its waves 1 and 2 and wave 3 is forming, which has reached close to Fibonacci 1.618 and after reacting to the pink channel and forming a microwave, wave 3 will complete itself and Then start wave 4 correction.
If Fibo 1.618 breaks completely, in this case, wave 3 is a wave extending and breaking the bottom of the channel.
If the price reacts to the channel ceiling, wave 4 is completed and wave 5 begins.
In case of complete failure of Fibo 0.50, this analysis will be fielded.
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DXY (Dollar Index) | Start downtrend 🔥Hello traders, The dollar index in 1 hour frame, this analysis is prepared in 1 hour frame, but has been published for a better view of the 2-hour frame.
In this analysis, we made a wave c in the 4-hour frame and accurate channel.
Inside the wave, it can be said that the waves are 1 and 2 and now wave 3 is formed.
For wave c , I specified the two targets that the first Target is on the roof of the red channel, which specified in the 4-hour frame, and the second Target is the 1.618 fibe, which is very suitable.
If the black channel is broken, this analysis is a field.
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DXY (Dollar Index) |The last ascent🚧Hello traders, Dollar Index in 1 Hour Timeframe As I said in the previous analysis, the dollar index is moving within a leading triangle.
This triangle completed wave 4 yesterday and now we are inside wave 5.
The purpose of channeling is just to isolate the price.
Wave 5 will move towards the midline in the first stage and will move towards Fibo 0.618 if the midline breaks, and if the slope of the trend line does not decrease, it can reach the next target (in the next analysis, we will say in How this leading triangle form is fully validated).
This analysis is fielded if the bottom of the triangle (warning sign) is completely broken.
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DXY (Dollar Index) | The best position to climb🚀Hello traders, The dollar index in the 1 hour time frame, the dollar index due to its neutral motion and in this case the wave count is difficult and in this case I considered the wave count in a leading mode.
We are now in wave 5.
If the black channel is broken, the price can move to the bottom of the triangle and finally to the end of wave 4, but if the end of wave 4 is broken, this analysis is fielded.
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DXY SellWill look for shorting opportunity in case of a breakout to the downside on the lower timeframe.
Bullish momentum is still intact look for sell only in case of a breakout.
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This is just an idea, not financial advice.
DXY (Dollar Index) | Great area to start the downtrend🔥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.
Wave c is currently forming, and Waves 1, 2, 3, and possibly 4 have completed themselves, and we are inside Wave 5.
Our goal in channeling is to put the trend in a framework and calculate the trend slope.
The current trend is forming wave 5 in wave c and currently forming a 5 wave for wave c, it can not be said that this microwave is one of the waves of wave 5 or wave 5 itself.
Right now I expect the index to move up to the red triangle.
1- If the price moves directly from the same area to the ceiling of the triangle, this analysis is correct.
2- If the price is neutralized first and then moves upwards, in this case the previous 1 hour analysis wave counts are approved.
If on the way back from the ceiling of the triangle, the frame of the channel and the two floors of the black channel are broken, all this wave is wave 5 and the long-term descent will be confirmed, otherwise we expect more ascent.
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DXY (Dollar Index) | The best spot to fall📍Hello traders, Dollar Index in Daily Timeframe , this analysis is prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the analysis of the dollar index in the weekly time frame, we said that the price is forming wave C from wave 4.
And in this analysis, we examine the C wave in the daily time frame, as you can see in the chart, the C wave completes its waves 1, 2 and 3 and is now inside its 4th wave.
Wave 4 is formed in the form of a flat, wave C, according to the previous analysis, breaks its trend line and moves towards Fibo 0.38 to complete Wave 4.
This analysis is fielded if the price crosses the warning sign.
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DXY Upcoming WeekElliott waves and fischer signal indicates we may have a correction, but overall it shouldn't be deep. Trend channel and pitchfork show us that the dollar bull is about to initiate a strong primary wave, which may last at least untill end of august. Elliiot waves in picture may give you a general idea about where DXY is heading. I'm neutral monday upcoming week, however, after the first correction, the rest of the week should be bullish for DXY, as I interpret the indicators in the chart.
DXY (Dollar Index) | Start falling🔥Hello traders, The dollar index moved to 0.618 in the 1-hour timeframe, according to the previous analysis of the dollar index.
And now it is in the roof area of the water channel. If it breaks the roof of the water channel, it can move up to Fibonacci 1.00.
But if it fails to break the blue canal roof, it will most likely break its own black trend line and start its own downward and corrective movement.
If you are going to buy gold, you can increase the volume in two areas, the first area after breaking the black trend line and the second area after breaking the bottom of the triangle.
Our price target is Fibo 0.618.
If Fibo 1.00 is broken, this analysis will be fielded.
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DXY SHORT TIME SELL & LONG BUY IDEA..........
27 JUNE 2021
DOLLAR INDEX MY VIEW-
N.B- DXY chart create Bullish butterfly pattern. When market create candle contamination on 91.300 support zone.
Then the market goes up to 92.355 and 93.270 resistance zone. If breakout 31.300 support level then dollar index
buy case invalid. And down to 90.663 level.
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
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Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad
US-Dollar possible next big movesHi!
First of all:
it's a personal, purely technical view
without taking news or economic miracles into account!
or an alien invasion...
your opinion on this is very welcome in the comments!
Part 1: way up
let's switch to a smaller time frame to see why I think it would be possible
There is still a key level from the last up move in 2014 that has not been tested again.
I could imagine this will happen before we see another upward movement.
this key level is also in the range between 78.6 and 88.2 fibonacci.
anyone who knows a bit about fibonacci, knows that the market likes to hit this area again before major movements happen. mostly ... not always but often.
if this happens and the market does not break through here, the way could be free to go upwards.
Part 2: way down
here i take the same principle - just rotated
there is still the level of the high between 2000-2002 which has not been retested.
here again the fibonacci with the same levels. only rotated this time.
the range between 110 and 115 would be a very good short entry for me. because there could be a really tough resistance.
if the market goes above 121, we can look forward to more golden times.
if not... Michael Burry gets his next big short.
the only question would then be how far the usd can fall. the target area at -27 Fib is only a guess!
maybe someone already sees possibilities!
maybe I'm completely wrong?
we will see...
thanks for reading and have a nice day
not a trading recommendation or a investment advice
just my own opinion