DXY , Where we are Hello guys
Are you ready for this week ??
In here , this idex is between these 2 R & S zone that shown on chart
But we have a key in chart ( key : the point of change trend ) , And now at this time the trend of idex is downward and we need best zone and area to take short position and sell
At first when the price is coming to our sell zone area then take signal like ... then take short position and sell
Dont forget use stop loss and attention to money management
Good Luck
Abtin
Dxyshort!!!!!!!!!!!!!
DXY (Dollar Index) | The best areas for correction🔥Hello traders, Dollar Index in Daily Timeframe , Dollar Index We still believe that the fall of five waves in the form of wave c will form wave 4.
In the four-hour time, we expected the formation of a head and shoulder pattern , This pattern was completed on Friday, and we expect a descent to the target, ie the middle line of the channel.
But due to the strong upward movement, reaching the specified target will be a little difficult.
If the previous roof is broken, we have no hope of falling.
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DXY (Dollar Index) | The best point to start the uptrend🏹Hello traders, The dollar index in the weekly time frame, This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe.
The range we examined had an impulse state in which we are within wave 4.
This impulse of wave 2 forms itself as a relatively normal flat, and accordingly, wave 4 can be more complex than wave 2, and it probably is.
Inside the wave, the four waves w , x are completed, and now we are inside the wave y . It is also possible to climb to 96,000.
We will examine this issue more in the daily time.
In general, we expect another downtrend, which is confirmed by the failure of the channel floor.
Another point is that wave 4 will be able to enter the range of wave 1.
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DXY messy structure forming. Market indecisiveA messy structure is forming up for the dollar index. Price rebounded strongly after a retest of the mid channel line and it can really go either way right now. We have a slight and short-term bias to the but price should be capped to the top of the channel and will need to take out the leverage longs before it can move higher for extended periods of time.
BULL CASE
A timebased correction where price hovers around the current levels can happen before another pump up to test the top of the channel at 95
BEAR CASE
A correction down to the 93.710 can happen rapidly and we will want to enter long at the test of the mid channel.
PS: Manage your position size, structure is messy and price range is capped. Do not hold positions for too long as we near the end of the year.
DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, we expected another ascent for wave 5 of wave c from the second wave, and this ascent occurred.
And now the dollar index is in sideways position.
Given that we considered wave-1 as a leading triangle, it is very difficult to identify, end this process and start the correction.
At the moment, we have considered the -2 wave as a flat, which I think is completely over, and now the third wave is forming, and we do not think that it will hit a ceiling higher than the previous ceiling, ie the price of 94,000.
If you move beyond this price, the structure for wave 2 will change to zigzag and the upward movement will continue to the green trend line or the size of the previous wave.
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DXY SHORT• DXY is an important chart which is often neglected to one’s loss.
• E.g. BTCUSD has been stagnating recently because of DXY temporarily trending upwards the past 2 days.
• Anyway, DXY has been in a downward parallel channel since 1986.
• We have reached the top end of the channel, and are currently in wave C of the correction.
• Monthly RSI is evidently bearish.
• Target coincides with two trendlines and the 1.618 Fib level.
• We should be able to reach 80 eventually.
• This bodes well for the current crypto bullrun.
• Watch the MAs though. There should be downward momentum when the 20M MA is above the 21M EMA. However, they may be crossing soon and lengthen Wave C.
• Nonetheless, on a macro level, we should be able to reach 80 eventually. Or, at the very minimum, 82.5.
• Dubious speculation: we have had double peaks in the previous two bullruns, will it be possible that DXY dumping may extend this bullrun and give us three peaks?
DXY (Dollar Index) | The best area for correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Dollar Index In the previous analysis, we considered two possibilities: in the first probability, a direct ascent to 94,000 and in the second probability of a descent to the lower side of the triangle and then a resurgence.
The first possibility occurred and the ascent was done. This ascent is related to wave c of wave 1, which is formed as five waves, and we assume that from this ascent, five waves of waves 1, 2 and 3 are complete, and now we are inside the fourth wave, wave 4 as The flat is formed and its last wave returns to the previous wave a of 2, and we assume from this other ascent point to Fibo 1.618 for wave c .
(But if the resistance or the end of wave 1 of wave c is broken, the hope of climbing decreases)
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DXY (Dollar Index) | The best area for correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
The dollar index is still within the pattern of the leading triangle.
This triangle probably consists of complete waves 1, 2, and 3, and waves 4 and 5 are obscure.
The structure now being formed resembles a correction triangle pattern for wave 4 inside its wave c , and we expect wave e and d to end within the leading triangle pattern.
If the lower side of the downward triangle is broken, the correction pattern in the form of a triangle will be confirmed and we will have a drop to 93,200 for the fifth wave.
And if the upper side of the upward correction triangle pattern is broken, we will climb from the same range to around 94,200 and even more.
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DXY (Dollar Index) | Deep correction♻️Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index is forming wave c of wave four.
Within wave c it is likely that wave 1 is still forming.
Wave 1 is inside a leading triangle pattern.
From this pattern, it can be said that wave 5 has not yet formed and we assume that by hitting the lower side of the triangle, it will start its ascent by defeating the upper side.
And this ascent continues until around the middle line of the pink channel and then the descent begins again for the third wave.
As we have shown in the picture, the trend can continue its ascent to the bottom of the pink channel by breaking the upper side of the triangle.
It will also be able to start a downward movement from the same range by breaking the lower side and the roof of the pink channel.
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DXY: Is It Over For The Dollar?The dollar has been on a mission, which has shocked a lot of investors considering the FED keeps printing money!
When will this strange rally end? Could it be here?
I would love to see a slight pullback with signs of rejection before we sell off a wipe out a good chunk of buyers.
DXY (Dollar Index) | The best scenario for the fall 🔥Hello traders, Dollar Index in Daily Timeframe , As we expected from the dollar index , this decline also happened and it can be said that the decline has been completely confirmed.
The dollar index is within wave c of wave b at its higher time.
The -c- wave is forming its fourth wave, and according to the wave count in the image, a wave is forming from the fourth wave, which is probably also in the form of five waves.
This wave must first break the end of wave 3 and can continue to move to the middle line of the channel, the purple line.
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We're at a cross roads for the DXYWe're once again at a crossroads for the dollar index. We know that the fed taper will start in mid november which is overall bullish for the pair but it is mostly priced in and the supply of dollar is still on a upward trajectory until mid next year. The channel structure is still intact and it is our bias that it will need to break the bottom of the channel to liquidate longs before it can move up to reach higher highs.
BEAR CASE
A mild correction from here and more downside to test the bottom of the channel at 92.566.
BULL CASE
A larger correction may occur to form a bull trap but ultimately, we're biased to the downside for Q4 2021 and Q1 2022
DXY (Dollar Index) | Deep correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, if the channel that we identified in the previous analysis failed, before the formation of the five waves, there is a possibility that this structure is a correction, the previous wave was formed in the form of three waves.
We assume that the descending wave formed is a leading wave from the diagonal triangle for wave 1, we assume that it has ended in this region and the next wave, wave 2, has begun.
(This possibility is very uncertain and decisions are made only on the basis of structures)
After breaking the upper side of the triangle, we will have a probability of climbing to Fibo 0.618 to Fibo 0.5, ie the target is 94,000.
And if the lower side of the triangle fails, the countdown will change.
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DXY (Dollar Index) | Deep correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Della Index We think we are still inside wave 2 and from wave 2 wave c is being formed and it should be formed in the form of five waves.
We considered the targets for wave c , the most normal of which is Fibo 0.88, and we think that wave 2 will be completed and wave c will start in this region.
If this wave is completed as three microwaves, it will probably be wave 2 of wave 3 or wave b of wave 3 of the diagonal triangle.
If the bottom of the purple channel is broken, a drop will occur to some extent.
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DXY (Dollar Index) | Price targets to fallHello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index , as we expected, fell in the form of a wave c , and this decline is taking shape.
We specified the c wave targets.
According to the observation, we are inside wave 2 of wave c .
Or we may still be in wave 3 and I have identified two possibilities:
The first possibility of the orange motion process: it can be said that wave c is forming in the form of a diagonal triangle, which is inside wave b of wave 3, and after the formation of wave c of wave 3, wave four has entered the range of wave 1. And the diagonal will determine this trend.
If this structure is formed, target 0.618 will be the most suitable target.
The second possibility of the blue movement trend: If the ascent moves to the previous ceiling and after reaching that part of the same area, the orange channel floor will completely break its downward trend until Fibo 1.27 will continue.
The analysis point of the field will be the end of the -b- wave.
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