DXYExpect to continue the correction up to 50% move before the point of contact with the uptrend line
Dxyshort!!!!!!!!!!!!!
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.
Based on the analysis, we are inside wave 4 and consider wave 4 as a triangle.
From this triangle, waves a , b and c are formed and now we are inside wave d .
Wave d is most likely zigzagged, and from this zigzag the structures of wave a are formed.
Wave a Waves 1 and 2 are over and it can be said that Wave 3 is at the end of its trend, which we have targeted in the analysis.
Wave 4 will probably move to the end of wave 1, in which wave 5 will start and move around 98000.
And after the completion of wave a , wave b is formed as a flat and wave c moves to the upper side of this triangle.
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Dxy idea.This count is based on my assumptions so anything can happen not a trading or financial advice do your own ta thanks trade with care good luck.
Let it come to lines 1 then 2 then 3 then I'll update.
It's not over: It has only just began - XRP Bullish, DXY CrashesFundamentals of a dollar decline are intact, albeit temporary strength has been breathed into the DXY by other collapsing currencies such as the Lira. However, the continued printing of fiat will certainly lead to its diminished value against stores of value such as crypto and gold. On the macro level, crypto continues to act as a dollar fiat hedge. While earlier projections assumed a three legged down trend in the dollar, only the first leg has appeared thus far with a strong bounce. This bounce, however, is certain to fade into oblivion as the tens of trillions of dollars of printing continue to deprecate the dollars purchasing power (US Debt will have tripled by the end of this macro cycle).
Many cryptocurrencies, such as XRP are still young in their growth phase. Bitcoin, for example, had 2 Million users during the 2015 bullrun (now 100mln). XRP on the other hand is currently where bitcoin was in 2015 - at the cusp of adoption (refer the JP Morgan and Morgan Stanley articles claiming XRP will be widely adopted after the lawsuit is over).
This fact combined with the continued runaway fiat cash printing train will propel XRP beyond most people's anticipated price targets. Even without a win in the lawsuit, nothing can deter XRP from gaining strength against fiat. It's a self-fulfilling prophecy. The FED and other world governments continue to print and spend, strengthening crypto, which attracts long term wealth, which further debases fiat as people flee from holding fiat in favor of crypto. This vicious cycle cannot be stopped by any regulation and thus while XRP could be deemed illegal in the USA, it certainly will not stop growing in market capitalization.
The things to look for in the upcoming months are a dollar reversal with a second leg down. The March 2020 Dollar selloff was a precursor of what will come. The recent gains in the dollar are short lived as other currencies collapse. But in the long run, the Dollar Bear has not even begun to hibernate. It's waiting in the woods to mall dollar and fiat bulls.
Note:
This article is being published at what we believe is an inflection reversal point IE, we believe this is the zone that crypto finds its strength and the DXY continues its crash.
Not financial advice. All views are opinions. Analysis is our own.
DXY tethering in the balance. We favour the upsideThe dollar index is holding the top of the channel and could break to the upside anytime from here. If in the off case, the macro sentiment changes, the price could break back down into the channel.
BULL CASE
Our price targets last week of 97.5 stands, price looks good at these levels if you can enter once market opens next week.
BEAR CASE
If there macro situation clears up and there is clarity on when the fed will raise rates, we should see price drop to 94.2. I'm less in favour of the bear case.
DXY Sell Setup.Look for possible buy entries on EURUSD GBPUSD AUDUSD NZDUSD and sell setups on USDJPY USDCHF and DOW. Base on my assumptions therefore; not a trading advice kindly do your own ta and trade with care good luck.
DXY Idea on H1Here is my Idea for DXY on H1. You can put pending order on the order Block or find an entry that is closer to Order Block. Safe trade!
How long will the monopoly money last? How long will the monopoly money last?
This is the question they have invested billions daily into these markets and already blew thru billions that they printed. They can't keep investing they are going to default soon. Omicron wasn't the reason for the markets crashing it was monopoly money that was printed and continously reinvested. They will run out and be very careful if you are long because this is going to fall like a rocket.
DXY LONGS 📉📉📉Expect bullish price action on USD INDEX, price just made a return to the orderblock h1 filled the imbalance bullish, break the structure on the H1 TF from bearish into bullish. Targets are above 97.000
Look for buys on usdxxx pairs
Look for shorts on xxxusd pairs
What do you think ? Comment below..
Dollar Index DXY - Correction due downside comingDXY - Daily - Price action calling for a deep correction on dollar index and across all US major pairs. I see a 150-200 pips pullback on DXY before a continuation of the bullish trend on dollar weekly.
DXY Short Trade Setup.This count is totally based on my assumptions not a trading or financial advice kindly do your own ta and trade with care good luck. Thanks.
DXY create bearish butterfly pattern. So, Short sell Now...
29 NOVEMBER 2021
DOLLAR INDEX MY VIEW-
N.B-DXY chart create bearish butterfly pattern.
So market seems bullish to 96.440 resistance zone. Then
market down to 95.828 and 95.114 support level.
If market break out 97.037 resistance level. Then
this case is invalid.
DXY going down to revisit 93DXY just got rejected from a major resistence. we might go down to touch 93
DXYThe structure looks like 5th wave should be truncated and allow for double top pattern, If we get a dollar push to $97 & stocks sell off would show risk off
DXY Hey Traders, wish a happy weekend for y'all!
i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in the coming week expect a pullback for the dollar index around 95.9 zone towards 96.4, then we might see a potential drop.
Trade Safe and use proper risk management.
Joe.
DXY looks ready for more consolidation.The DXY's breakup to the upside has been confirmed by a retest of the top of the channel and a hold. We expect to see farther price moves upwards from here. But this level is where some consolidation can happen.
BULL CASE
Price moves up immediately next week to our target levels at 97.768
BEAR CASE
We see some consolidation at the 96 level before a break up higher. If price beaks below into the channel, we will reevaluate our bias.
DXYI think DXY needs short rest and after that goes up. it seems its raising trend. DXY is in the big channel and i think its wave D or started big wave 5. you can see that in weekly and monthly timeframe.
DXYWeek after week I forecast weakness in DXY and it continually moves higher proving me wrong again and again. This week is no different, I think there are risks with regards to covid and more lockdowns in the northern hemisphere that could provide more upside for DXY, however even if it does move higher, I still remain bearish. Very short term it looks like it will push slightly higher and most probably test YPH at 96.7 early this week. Should prove to be a good sport to short it.
Shorting Idea DXY/USDXXX/DJI.See the charts not a trading advice this is the final wave of this uptrend I'm expecting a reversal anytime.
U.S Dollar Currency Index Looks Bearish 1D1. The index looks to retest 1D supply zone
2. After the supply zone has been retested, we anticipate the index to bearish
DXY ELLIOTT WAVE ANALYSISthis correction took about 315 days, i`ve shared this analysis before, price looks like it has completed wave b correction. am expecting wave b to subdivide into 5 impulse wave to the downside.i see alot of weakness in dollar. possible drop.
DXY May Fall Down From Here.As per my analysis kindly do your own ta not a trading or financial advice I'm counting it as wxy correction in weekly tf w as abc and x as triangle correction and currently we are witnessing y which should take it below to the marked level and has confirmed it as you can see the trendline has been broken and is being retested for more downside. Trade with care. Good Luck.
DXY Sell Scenario.As per the charts and my opinion i see a downward impulsive move and a nice retracement to 50% of the impulse and a=b looking for downward move. Not a trading advice do your own ta thanks.
