Time to temporarily increase DXY Index (4-hour time frame⏰)DXY is moving in a 🟢 heavy support zone($99.80-$99.44) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
In terms of Elliott wave theory, I expect the end of wave 3 to be complete at the PRZ, so we should look for bullish reversal patterns. As a result, one of the patterns you can see in the 4-hour time frame is the Bullish Engulfing Candlestick Pattern .
🔔I expect the DXY to have a temporary uptrend to the 🔴resistance zone($101.30-$100.82)🔴 in the coming days.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dxylong
The SPX is a DXY storyAccording to the DXY chart, it seems that the DXY bubble has already burst. Although cash is currently being touted as King, if you've been holding cash since September 22, your money has actually lost value while the stock market has been rising. If this chart had been that of the SPX, short sellers would agree that it looks like a bubble that has burst and is now heading back to reality. I expect a pull back in stocks and crypto which would mean a bounce in the DXY but it would be a dead cat bounce for the DXY.
This is not a financial advice.
Bullish Pattern for DXYDXY ranging in a bullish flag pattern. DXY will enter to bull cycle if it moves to upper levels. DXY needs to close 50MA in daily line and it should be established above 50, 200 MA.
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DXY/DOLLAR INDEXThe dollar approaching at key level of weekly suppor @ 99.4-98.8$
As we can see the charts on higher time frame its a sell off, but for me its just a manipulation candle at this week.
We might see a hike again this month of JULY.
If the FED didnt makes a Hike we might see a dollar collapse below my analysis.
This trade are for monthly traders.
Follow for more. This is not a financial advice.
skip it or watch it.
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.
DXY chart analysis. I am going to long.Hello everyone! I want share my idea about DXY.
I shared my idea about USD where I said we trend change moves, this trend started with divergence and going up well, Friday closed with strong downtrend and stopped at trendline which gave us good opportunity for open long position and one good HL.
Trendline touch, Fibonacci LVL and trend moving gave us good entry point for long, here is me 2 scene of my price prediction. My position open is long!
1 Bullish scene - price continue moving up, brake strong resistance at 103.400 then retest it and go to weekly resistance.
2 Bearish scene - Price will brake trendline and support then make retest at 102.750 and continue moving down for retest weekly strong support at 101.100.
Be Patient!!!!
DXY will go UP by Symmetrical Triangle🚀DXY index managed to form a Symmetrical Triangle Pattern near the 🟢 support zone($102.85-$102.66) 🟢 and support line.
DXY broke the upper line of the symmetrical triangle.
I expect the breaking of the upper line of the symmetrical triangle to be a sign for the DXY index to go up in the coming days.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-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.