DXY Forex Forecast and Analysis - Smart Money Concept - AFTERThis is the aftermath of the DXY projection that was made on Monday. We see that price has traded into the daily order block as expected. So there might be a reaction at this level.
Dxyforecast
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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DXY- 95, a good target for bullsIn the past 2 weeks, DXY consolidated gains, just under local 92.75 resistance.
I expect a break from the Index and swing trader can target 95 zone for their long positions.
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
DXY Rising Wedge BrokenIf the support at 92 broken it will fall up to 91.5 area.
Plenty of divergence at presence.
DXY price (correction wave (a))See mars 2018. The motive waves share similarity in lenght. I predict TP1: -2,69%. Wave 5 will go up a bit, near to 9.5+. I think the process will happen with quicker speed.
Elliot wave analysis, first correction 2021-06-12, wave a will start a sharp decline. First correction wave (a), may reach -2.45 or lower, at 2012-06-14 (tuesday). Prediction is based on one of the previous corrections, thus there's different angles and length for the wave (a). There's no gaurantees, other than I cloned the angles and distances, which were identified as possible from 2018-05-09 up to date. The correction doesn't appear to be deep, ADX is less than 25. Wave 5 is facing resistance, can't reach higher than 93.1.
Dxy to break resistanceYesterday's drop to 92 support was bought and now USD Index is trading in 92.50 resistance zone
I expect a new leg up and the target is 93.50
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 getting stronger, lets wait for breakout
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
DXY LongWait for a breakout on a lower time frame.
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Stay tuned.
This is just an idea, not financial advice.
DXY is going strongerDaily Chart:
- Dxy is showing a potential strong movement into the volume imbalance from May 2021
Depending on weather price breaks the previous SH or SL ,
> Dxy will carry on getting stronger to fill the V.I (at ~90.800 ) or drop down to 90.600
so i suggest that the reader pay close attention to the price action on Monday and to see if one of the instances occur to be able to look for a perfect entry in the overall direction of the market
Dollar Index is still going upAs you can see in the Daily chart of Dollar Index there was a correction wave and it almost retraced 0.88% of Fibo levels So the 1st wave has been completed and its about to form the second wave.
Therefore the next target for DXY is at least up to the previous top which is about 93.458.
DXY swing long and then shortDXy is in its 4th wave and going to give a rally for 5th wave uptill 68% or 1.13% and then will start its correction after time lagging so get ready to go lonh swing and short for a long time
DXY (Dollar Index) |The DXY is preparing to fall again⚠️Hello traders, Considering the very important impact of the dollar index with gold and other popular Forex symbols, I decided to analyze this very important symbol on a daily, weekly and monthly basis from today onwards. According to my analysis of the dollar index for 27 years From the past to the present, according to my analysis, I think the correction is over, this correction is a kind of flat correction that I marked with (X) red for you. And now we are in a leading wave, which most likely wave 1 is complete, and now we are in the correction of wave 2, which has a zigzag pattern. This zigzag has 3 general goals: Fibo 0.38, Fibo 0.50 and Fibo 0.618, which according to the slope of the chart, I see a high probability of reaching the price of Fibo 0.618, and the price range of each Fibo is specified in the chart, which you can see.
❤️Please, support this idea with a like and comment!❤️
Overview on DXY-4H For coming hoursHello Traders !
This is an overview on DXY for next coming hours, price trading at this time at 92.28 level facing a resistance level in the area of 92.55, Before we see the price trading in higher levels, despite what happened last week, we should see a quick correction to the centralized support level at 91.30, then we will see continuing trading above 92.55 level, these will happen if the price doesn't break back bellow 91.30, but it seems hard to do.
Dollar index has a upward direction temporarilyDollar is creating a regular flat pattern.
The wave is within is upward.
Therefore before more collapsing, it maintains its upward direction.
BULLISH DXYDXY has bottomed out around the 89.50 level and has continued to grind higher since. The next level that we took out was the 89.90 level which now acts as support and the upward trend line and pivot area. I expect a move higher in the dxy in the coming weeks and therefore I will sell the rallies in EURUSD and AUDUSD and buy the dips in USDJPY.
Good luck!
Dxy- Now whatAfter breaking up the falling wedge, Dxy has reached the pattern's target and now is trading in very strong resistance zone that lies around 91.50.
A correction can follow at this point and 90.50 could be the target
