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Dxyshort!!!!!!!!!!!!!

DXY Index Analyze (Road Map, 05/31/2023)!!!🗺️Hi, everyone👋. To better understand the DXY Index roadmap🗺️, it is better to first look at the DXY weekly time frame:👇(Running well, as I expected ✅) As you can see, the upward trend of DXY will continue. Now, I tried to show you the DXY roadmap in the 4-hour time frame using the Elliott wave theory . It seems that DXY is nearing the end of wave 3, and this wave can end at 🟡 Price Reversal Zone(PRZ) 🟡. I expect the DXY to return to the first 🟢 support zone($ 103.60-$ 103.36) 🟢 after the end of wave 3 is confirmed and rise again to the top of the 🔴 heavy resistance zone($ 105.80-$ 104.53) 🔴. 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.
TVC:DXY
by pejman_zwin
11
Gold Update (Long)This is my 5th Update on my Short Gold Trade I posted last month from 2055. In that post I had mentioned levels to look for taking profits and levels to look for good bounces, we have reached one of those levels 1935. It's a strong support and we are currently making bull divs here. Which only means we should look for longs here. 1935 also falls on prz of Butterfly from the current top. As you all know DXY and XAU are very inversely correlated. That is how I was sure Gold would reverse as I DXY was forming a bottom over a month ago. This long also falls in line with the chart of DXY as it stands today. DXY has rallied from 100 to 103.9 and is at resistance. It should start facing difficulty to move higher from here. 104-105 are heavy resistance. Dxy has already formed bear divs on 4h I expect it to continue forming these divs and start some retrace to test Daily 34 and 21 EMAs at 102 and 101.5 DXY is also at PRZ of a crab and bat so a retrace is due for it which means a pump in Gold. NOTE: We have US CORE PCE price index being released tomorrow, a same as forecasted or higher will lead to short term boost in DXY which will push Gold. so, you may want to wait for that to be released before taking the setup. If the number comes lower DXY should go down and Gold should rise. I have provided links to all the past analysis for DXY and gold below the post.
OANDA:XAUUSDLong
by zakoraio
Dollar Index Chart Analysis.... In this situation, DXY chart creates Elliott wave pattern. So,if 103.600 resistance level need to sell confirmation then DXY will fall 102.700 & 102.200 support level. If the breakout is 103.800 level then case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
DXY growth with the help of Double Bottom pattern🚀DXY index managed to form a Double Bottom pattern near the🟢 support zone($ 101.3-$ 100.82) 🟢 so that Regular Divergence(RD+) can be seen between the first and second bottoms. DXY has already completed the pullback to the neckline and is breaking the upper line of the descending channel. I expect DXY to grow to at least the downtrend line after breaking the upper line of the descending channel. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2h-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.
TVC:DXYLong
by pejman_zwin
32
DXY falls moreFED powell has been made a serious impact to the dollar index which was overbought because of the huge supply to the DXY.BUT dxy has not touched the valid area to sell .so we could see a simple upside move ment then it falls down .. By the way DXy has been retraced about 38.2 in fibo levels and also the market had closed when it was retracing so that could be higher probability to come upside and hit tha valid zone move done Overall trend may down f it breaks the trend line. GOOD AND DOLLAR LUCK
TVC:DXYShort
by rasindu2003
DXY needs a correction to grow again!!!DXY was able to finally break the descending channel and downtrend line with a strong upward trend last week. But it seems that this week it is the turn of correction or pullback of DXY to the broken resistance zone. I have specified for you the possible scenarios for the DXY to grow again on the 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.
TVC:DXY
by pejman_zwin
53
DXY: News prediction!My Outlook The unexpected increase in inflation is not a positive development, contrary to what some headlines may suggest. While we anticipate a decrease in inflation, it is unlikely to reach the Fed's target of 2% for several years. This means that the US will likely have higher interest rates than other countries, even if inflation rates are higher elsewhere. This could result in a stronger dollar for an extended period, potentially throughout the year.
TVC:DXYLong
by Sphyn-Trader