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Dollar Index (DXY) | Small correction♻️Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave counting done in higher times, a leading trend is formed and from this trend, waves 4 and 5 remain. Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it would be a zigzag triple. So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d. From wave d, wave a continues to form, and from wave a, waves 1, 2, and 3 have ended, and now the beginning of wave 4 is confirmed by breaking the bottom of the orange channel. Wave 4 will probably not be as deep as Wave 2 and will be moderately temporal. According to the current structures, it is probable that wave 4 will end in a zigzag pattern around Fibo 0.38 to Fibo 0.50, or in other words, around the price of 94,000, and in the following we will examine the trend of the next movements. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYLong
by mahdisoltaninjad
1
DXY Analysis 16/1/2022 1hrLooking at the DXY here for Monday's open and a is said in my last post it looks exhausted. I am ideally looking for a double top here but I think a test of this yellow line, there is so much liquidity there it would make tons of sense. I would love to see it get taken out straight away just to see a bearish week ahead for dollar pairs because there will be some huge plays to make. so either M pattern forming here for a short term downside move. before seeing a test of the yellow line or we will see continuation upwards to the yellow line before price coming back down. my green line below are really strong levels of support so expect price to eventually hit these levels perfect short on the break of these levels and probably a nice recovery bounce long scalp position from them aswell. overall not looking good, kind of in the position of short term retrace catch the liquidity and continue down or we will see downwards momentum from the open tomorrow. if we go up I don't think it will be for long I am looking for nice short entries on dollar pairs and my earlier post was stating I have a long set on eurusd so lets see what happens.
TVC:DXY
by ryanc49
DXY 95.92 - 0.19% SHORT IDEA * PRICE ACTION & TREND CONTINUATIO HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX . * The index broke out of a ascending channel but seems the channel now consolidating in a descending channel . - Short term the index is currently entered a down trend as we had a (LL) break below on the 4h chart. - There are 2 levels of interest or supply zones to look out for on the index before we continue with the bears. - Looking for SHORT entries on the INDEX this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:DXYShort
by PULEMokhothu
Wave 4 correction looks complete for the DXY.The DXY broke back down into the channel and is now testing the middle band of the channel. This should be the end of the wave 4 correction and we should see more upside to come for the dollar index. We should see some choppiness in the coming weeks before a break up farther to break the top and for the final wave 5. This final wave should hit the 99 price levels. BULL CASE This could be the bottom if price does not break the low formed at 94.6. We will get in on the correction when RSI hits 5 on the 4hr, place a SL on 94.6 and ride it all the way to 99. BEAR CASE If 95.6 fails to hold, we could be seeing a deeper wave 4 correction and this could bring us all the way down to 93.1. However, we think this is unlikely unless the fed announces major changes to their taper plans.
TVC:DXYLong
by IkanBilisCapital
DXY FAILING 2022 With inflation occuring accross the states, the DXY will fail and fall with a near perfect retracement level hitting nicely with conversion lines. I predict an economic crisis accross the USA with housing markets failing and more banks failing, loans will be near impossible to get with interest rates hiking. The Government will continue to state that they will relax inflation by continuesly printing however they will just prolong the economic downfall. having said all this the rise of BTC Bitcoin and other inflation hedges such as gold will provail.
TVC:DXY
by cj909
The dollar index breaks below the trendline support...The dollar index breaks below the trendline support after a long time. Since 24th May 2021, the dollar index has been rising, but yesterday, after the CPI report was released, DXY dropped below the trendline. There is no doubt that technically it has started its downtrend after a long period. So now the question is, will DXY continue its downtrend, or may it create a fake breakout? It is hard to predict. But from the view of technical analysis, it may test at least 93.85 to 93.00 points in the upcoming days. The moving average ribbon also confirms its downtrend. The USA is under inflationary pressure, and omicron is spreading more than expected. As a result, the Dollar's index point is fluctuated by other significant currencies moves. If G-7 countries face the same issues, the DXY may pull back to the upside. But it will take some more time at least. The dollar index may visit 93.00 points to 93.00 points within the period very soon. At least as long as the DXY is holding below the trendline support, Dollar still has chances to drop more against all the major pairs. SO, keep selling dollars as long as the DXY holds below the trendline support.
TVC:DXYShort
by Gold_Trading_Expert
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the counting wave we did, at higher times, a leading trend was formed, and from this trend, waves 4 and 5 remain. Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it would be a zigzag triple. So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d. From wave d, wave a is still being completed, and from wave a, the end of wave 3 is unknown, and waves 4 and 5 are not formed in our view. After the end of wave a, wave b forms a sideways trend that is long in time, after which wave c moves to the size of wave a and is ready to start wave e on the upper side of the triangle. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXY
by mahdisoltaninjad
U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bearish candlestick last week, after previously rejecting the resistance level identified at 12257 two weeks ago. Note how this key resistance level has held again – in fact it held just after the FOMC release some weeks ago when it was tested, which is possibly a bearish sign. While this continued decline is not enough to invalidate the long-term trend (the price is well above its levels from 3 and 6 months ago), it is very notable that there is clearly strong resistance here, which is having impact. This suggests that despite the long-term bullish trend, we may now have experienced a major bearish reversal. However, it is also worth noting that the price is now very close to a major support level at 12150. Overall, I would not look towards the USD as a key driver for any trades over the coming week. For a while, and possible for the entire coming week, there will likely be momentum against the US Dollar, although the Japanese Yen remains considerably weaker.
TVC:DXYShort
by SmoothJB
1