Dxyforecast
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 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.
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have a good profit week guys
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 (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.
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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.
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 Idea on 16 June 2021 #H4As we see dxy chart on 16 June 2021, after dxy finish running on flat price range between 90.400 - 90.600 from 13 June to 16 June, As FED meeting would affect the interest rate and US Dollars.
Trading plan, Wait for break out Flat Range and long at retest around 90.600 Target 90.800-90.850