DXY Analysis 17Aug2023Although in the past month the dollar index looks bullish, I am still under analysis that it is likely that there will still be a bearish / maybe a deep correction for the near time.
Dxyidea
DXY IndexDXY Index
On his way to 101.2 , after that he continues to climb to 107
US Dollar Currency Index (DXYUSD) Analysis, timeframe 1 day .
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🔔DXY is ready for Pull Back🔔As I expected, DXY broke the resistance lines , and now DXY is moving near the 🔴 resistance zone($103.80-$103.38) 🔴.
🌊According to Elliott wave theory , DXY completed 5 impulse waves at the resistance zone.
🔔I expect DXY to drop to at least the uptrend line in the next few hours.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
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Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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DXY Analysis H1Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Increase of DXY index after breaking the Resistance Line🚀Hi everyone👋.
💡The DXY Index is ready to break the resistance lines; one of the signs is Bullish Marubozu Candlestick Pattern .
🌊If we look at the DXY from the theory of Elliott waves , we will find that DXY is on the way to completing wave 5 (📚If DXY breaks the resistance lines, we can confirm the end of wave 4 📚).
🔔I expect DXY to break the resistance lines and at least go UP to the 🔴 resistance zone($103.80-$103.38) 🔴 in the coming hours.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY Index New Week MovePair : DXY Index
Description :
Impulse Correction
Completed " 123 " Impulsive Wave
Fibonacci Level
Symmetrical Triangle in Short Time Frame with the Breakout of Upper Trend Line
Strong Resistance Level
DXY LONG TERM TRADE SELLING
Hello Traders
In This Chart DXY HOURLY Forex Forecast By FOREX PLANET
today DXY analysis 👆
🟢This Chart includes_ (DXY market update)
🟢What is The Next Opportunity on DXY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
DXY looks Bearish DXY looks bearish for me
TVC:DXY looking weak with rejection off the 50D SMA
Short the dollar, long everything else.
If we get this pullback its for usdxxx longs/xxxusd shorts
Favorite for shorts = GBPUSD
Favorite for longs = USDCAD
DXY Analysis H1Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY Index New Week MovePair : DXY Index
Description :
It has Completed " 1234 " Impulsive Wave in the Pattern of Bearish Channel and Rejection from the Upper Trend Line with the Strong Bearish Price Action
Strong Resistance Level " 102.857 " , If breaks " 100.823 " then Long Term Sell
⚠️DXY will go DOWN(Short term)⚠️As I expected in the previous post, DXY reached the resistance lines.✅👇
💡If you look closely at the chart, you will notice that DXY is moving in an Ascending Channel .
💡It seems that DXY failed to break the resistance lines.
💡Also, we can see Regular Divergence(RD-) between consecutive peaks.
🔔I expect the DXY will go DOWN at least to the lower line of Ascending Channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY Analysis 2Aug2023Dxy walked to the target that was analyzed a few days ago. I am still on the analysis that at this time it is still not proven to enter the bullish trend in full, it could be still in the correction wave.
DXY ShortThe DXY US Dollar Index, which measures the value of the US Dollar against a basket of major currencies, has recently experienced a bearish move, declining from the level of 102.500 to 102.750. This analysis will explore the factors contributing to the bearish sentiment and the potential reasons for the index's downward movement in the specified price range.
Dovish Federal Reserve and Interest Rate Expectations:
The US Federal Reserve's monetary policy stance plays a significant role in influencing the US Dollar Index. If the Federal Reserve signals a dovish approach, with potential hints at keeping interest rates lower for an extended period, it could reduce the attractiveness of the US Dollar to investors seeking higher returns. This could result in downward pressure on the DXY Index as market participants seek alternative investments with higher yields.
Global Economic Recovery and Risk Appetite:
As the global economy recovers from the impacts of the COVID-19 pandemic, risk appetite among investors tends to increase. During such times, market participants may shift towards riskier assets and higher-yielding currencies, leading to a sell-off in safe-haven assets like the US Dollar. The improvement in economic indicators worldwide could further dampen demand for the US Dollar, causing the DXY Index to move lower.
Trade Balance Concerns and Geopolitical Risks:
A significant factor affecting the US Dollar Index is the US trade balance. If the US trade deficit widens or there are concerns about escalating trade tensions with other countries, it could weigh on the US Dollar's value. Additionally, geopolitical risks or uncertainties could lead investors to seek safe-haven currencies other than the US Dollar, leading to a bearish move in the DXY Index.
Technical Resistance Levels:
Technical analysis of the DXY Index may reveal the presence of resistance levels around 102.500---102.750. If the index encounters selling pressure at this level due to technical factors or the convergence of key moving averages, it could trigger a bearish reversal, leading to a decline in the index's value.
Inflation Concerns and Fed Policy Response:
Persistently high inflation could lead to concerns about the purchasing power of the US Dollar, prompting market participants to anticipate a more aggressive response from the Federal Reserve, such as raising interest rates. In such a scenario, the US Dollar could face headwinds, resulting in a bearish move in the DXY Index.
Conclusion:
Considering the dovish Federal Reserve stance, improved global economic conditions, trade balance concerns, technical resistance levels, and potential inflation-related uncertainties, the DXY US Dollar Index is likely to continue its bearish move from the 102.500 to 102.750 levels. Traders and investors should closely monitor relevant economic data, central bank announcements, and geopolitical developments to gauge the strength of the bearish trend and make informed trading decisions.
DXYThis is my view or anticipation on the dollar index, preferably for this month but we'll see how price plays out, this is just my anticipation with my understanding, it may be right and it also very much may be wrong.
DXY / USD Index AnalysisDxy in the past week looks bullish, for next week in my opinion it will still look bullish with the formation of a bullish channel and the existence of a fairly thick bullish candle. For pairs that are counter to USD, the possibility of next week still looks weakening.
DXY Elliott Waves AnalysisHello friends.
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Everything on the chart.
Main target zone: 96 - 94
Stop: ~103.7 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 3
risk is justified
Good luck everyone!
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Open to any questions and suggestions
DXY Analysis 24July2023Seeing the current Dxy structure, there is a downtrend channel in which there is also a triangle expanding pattern. Seeing patterns like this, the possibility is Dxy while the time will bullish up to the pattern that I describe on this chart.
DXY Monthly Analysis after the price retramcemt to fill FVG ''Fare Value Gap'' which is in the levels of the golden zone of Fibonacci OTE ''Optimal Trade Enrty '' we will see a reversal of the price towards the supply zone
DXY index Road Map🗺️!!!(4-hour time frame⏰)DXY index managed to break the 🟢 support zone($102.24-$101.91) 🟢 and support line during the last day.
Based on the theory of Elliott waves, the DXY indicator is completing a corrective Zigzag structure(ABC/5-3-5) .
🔔I expect the main wave C to finish at the 🟢 heavy support zone($101.30-$100.82) 🟢.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Mind-Blowing Surge: US Dollar Skyrockets 5000% against Argentina
I come bearing astonishing news that will undoubtedly leave you stunned and intrigued. Brace yourselves for a mind-blowing revelation: the US dollar has soared an unprecedented 5000% against the Argentina peso!
Yes, you read that correctly! The US dollar's monumental surge against the Argentina peso has sent shockwaves through the forex market. This staggering increase has left many traders astounded, and rightfully so. It is a testament to the volatile nature of currency fluctuations and the potential opportunities that arise from such dramatic shifts.
As we witness this extraordinary event unfold, it is crucial to consider the implications and potential ramifications. Countries like Argentina, grappling with economic uncertainties, are now contemplating the adoption of the US dollar as a viable alternative. This development has sparked a flurry of discussions among economists and policymakers, drawing attention to the stability and strength of the US dollar in tumultuous times.
In light of this monumental shift, I urge you to carefully evaluate the potential benefits of including the US dollar in your forex strategies. One effective way to gauge the US dollar's performance against a basket of other major currencies is by monitoring the Dollar Index (DXY). This index, which measures the dollar's value against a weighted average of six major currencies, can provide valuable insights and assist in making informed trading decisions.
Considering the recent surge of the US dollar against the Argentina peso, keeping a close eye on the DXY becomes increasingly pertinent. By doing so, you can stay ahead of the curve and capitalize on potential opportunities that arise from countries considering the adoption of the US dollar.
So, fellow traders, let us seize this moment of surprise and possibility. Explore the potential of the US dollar, leverage the power of the DXY, and stay one step ahead in the ever-evolving forex market.
DXY Analysis 4July2023This analysis is still the same as the last analysis, I am still bullish for this analysis. the price is currently at support, with several signs of rejection candles, there is a possibility of continuing the bullish trend again. if the price drops from support, there is a high probability that the price will retest the SnD area below.
DXY 29June2023DXY analysis is still in accordance with the analysis some time ago, still in the a-b-c correction period. if we pull the fibo extension, from wave a to wave b, we can know the forecast of wave c will end.
fibo extension 1.618 is adjacent to the SnD H4 area. it could be that the price is heading in that direction.
DXYThis Is The Dollar Index On The 4 Hour Time Frame And This Is What I Anticipate To See, Ideally A Sweep Of The Sellside Liquidity Engineered Today Then A Bullish Confirmation On The M15 To Confirm Our Bullish Bias Then We Can See The Dollar Index Rallying To Take The Buyside Liquidity.
