dxyDXY Is Changing The Direction Again
During these days DXY was testing a very strong support zone and it was not clear about the next movement.
Dxyidea
DXY 23June2023DXY's journey since the last analysis is still in accordance with the roadmap, now there is a change in the character of the trend. there is a possibility of reversal. the price has broken the trendline resistance and formed a new high.
Currently the price is moving close to SnD and is still held by the trendline, there is a possibility of a retrace. when the price drops but does not fall deeper than the invalid area, then the possibility is positive for bullish.
Dollar index ReversalDollar index looks like in reverse mood
As we can see in weekly time frame Dxy is in Bullish trend so I'm expecting Dollar will fly
What is your idea ...
Are you agree with my idea please let me know in comments
DXY 16June2023the SnD area is responding positively for now, there are several shadow candles with quite long proportions. if the DXY movement is appropriate then the possibility is that the price for the beginning of next week will be bullish limited to the resistance area.
Dollar ready to longDXY create hidden bullish divergence on the daily time frame; a long move is anticipated!
Target Profit 106.1xx
DXY 15June2023there is a change in the elliot notation on DXY. where there is a possibility of a-b-c correction. the confirmed SnD area is an area to wait in case of reversal.
DXY Index Next Possible MovePair : DXY Index
Description :
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
RSI - Divergence
Break of Structure
Falling Wedge as an Correction in STF
Fibonacci Level ( 50.00% / 61.80% )
S / R Level
DXY 13June2023price touched there SnD where currently seen on h4 there is resistance, is this a sign of reversal? we wait for some more confirmation, is there a positive bullish candle or maybe a rejection candle.
DXY: 109 IS THE NEW TARGETDear Traders, we have a good opportunity of selling XXXUSD pairs and buying USDXXX pairs, as the price currently testing previous LL we are expecting price to bounce from this zone. Let's not miss out on this opportunity.
Good Luck and Trade Safe.
DXY 10June2023the analysis a few days ago went well, the price went to the trendline and now looks rebound. the biggest possibility is that the price will still go down in the direction of the black arrow. if you see the bearish trendline responded positively at that time, it could be that the price will respond positively again when approaching the trendline.
DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
DXY Next Possible MovePair : DXY Index
Description :
Bearish Channel as a Correction in Long Time Frame
Break of Structure
RSI - Divergence
Symmetrical Triangle
Completed " AB " Corrective Wave
Fibonacci Level - 78.60%
DXY Chart H1Here is my view for DXY on H1. 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 brief gain to the resistance area 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support ✔️
if
the price doesn't break the support zone to the downside, we can see more gain 💣🚀
otherwise
we can see more correction ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
DXY 3June2023You can see the note that I gave on the chart, the possibility of wave 4 happening later. I still believe DXY will remain bullish as long as the price does not fall deeper than the invalid area, there is a possibility that DXY will fall more than that, but there is a certain limit to how deep the price will fall.
DXY New Week Possible MovePair : DXY Index
Description :
Bullish Channel as an Correction in STF
Fibonacci Level - 78.60%
Break of Structure
S / R Level
RSI - Divergence
Bearish Channel in LTF
DXY 28May2023if elliot's notation is correct, most likely there will be a correction and DXY will continue the bullish trend again, limited to 105,600
💡DXY Index Growth Signs💡Hi, everyone👋.
🔹As you know, it is better to start with higher time frames for chart analysis; one of the most important analytical time frames is the weekly time frame.
🔸In order to have a better view of the next week's trend of the DXY index, it is better to analyze the DXY Index chart in the weekly time frame.
🔹One of the analysis methods that can help us is candlestick patterns (Candlestick patterns are more valid in higher time frames).
🔸As I have specified in the chart, we can see the Tweezer Bottom and Bullish Engulfing reversal patterns at the same time in the support zone, and even last week's candlestick can be considered a confirmation candle of these patterns.
🔹In addition, In addition, if the growing movement of the DXY index toward the resistance zone is high, there is a possibility of forming a valid Double Bottom pattern in the weekly time frame for DXY.
🔔I expect the DXY index to have an upward or at least neutral trend in the next two to three weeks. (I have outlined the scenarios that may happen to DXY in the chart).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, Weekly 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.
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DXY 25May2023Currently, DXY has touched the Fibo extension at value 1, meaning that the wave length that occurs is equal to Wave 1. A correction may not take long, but for the medium-term target, DXY can bounce up to Fibo extension 1,618 which is parallel to the high of wave 2.
DXY Elliott Waves AnalysisHello friends.
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Everything on the chart.
At the moment this is a hypothesis, but an excellent option that correlates with my expectations on BTC.
On a move to 100 on DXY, Bitcoin should complete the momentum to the 33-36k zone, after which DXY will go to the 106-107 zone, while Bitcoin will correct all upward movement
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
DXY New Week MovePair : DXY Index
Description :
Completed Impulsive Wave " 12345 "
Break of Structure
Divergence
Break of Structure
Impulse Correction
Bullish Channel as an Correction in STF
DXY 21May2023DXY analysis is still in accordance with last week's analysis, currently still looks bullish with the notation still unchanged. The invalid area is in wave 2, I assume if the price drops more than wave 2 then the Elliott notation will change and there may be a trend change.
DXY 16May2023In my opinion, the dollar index this week will tend to be bullish, where the price looks to breakout from the previous swing high, even though there is a possibility of a correction, as long as this correction does not fall further than the invalid line, then the bullish trend is still a priority analysis
