DXY will Fall by Head and Shoulders Pattern⏰(1-Hour)⏰✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴.
🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago.
🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
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Dxyshort!!!!!!!!!!!!!
DXY index bottom and BTC topINDEX:DXY
Possible Targets and explanation idea
➡️weekly (even yearly) FIB top for DXY now we are in a downtrend
➡️last move on DXY will be around 107-109 than down till 2025-2026
➡️Bottom for DXY will be around 92
➡️The same time historically its will be the new high (not for sure ATH) for BTC
➡️After that we will start new bear market in crypto
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DXY - Elliott Wave CountDXY - Elliott Wave Count
DXY - On the Daily charts, DXY displays a clear ABC Wave formation, indicating that the market is likely to undergo a significant correction with Wave C toward the 100 to 95 range. this down move will boost metals & indexes upwards. It is advisable to exercise caution when considering long positions in dxy. However, if the market breaks above 108, this view would be deemed invalid.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
TVC:DXY CAPITALCOM:DXY INDEX:DXY
DXY MY VIEW 60 MIN TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
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DXY patience / shortLooks exhausted in my opinion. Denied by the 200 day ema twice after touching support. Still currently at support, wouldnt recommend shorting unless we see a breakdown. Keep it simple, dont short support. However, if we fall below 100.50 im looking to 96 at the minimum. Would benefit other markets.
DOLLAR INDEX DXY The dollar index extended gains to above 107, its most substantial level since November, and tracking Treasury yields higher, as hawkish comments from Fed officials continue to strengthen the expectation that interest rates will remain elevated for an extended period. Meanwhile, economic data continues to signal a resilient economy, with the ISM Manufacturing PMI indicating the most minor contraction in factory activity in nearly a year for September. Several labor market indicators, including the upcoming payroll report and further comments from Fed officials, will be closely watched in the coming days. The dollar strengthened against all major currencies, with the most pronounced buying activity against the Aussie, after the Reserve Bank of Australia held interest rates steady. The greenback also appreciated against the Japanese yen and the British pound.
The United States Dollar Index or DXY measures the performance of the dollar against a basket of other currencies including EUR, JPY, GBP, CAD, CHF, and SEK. The EUR is, by far, the largest component of the index, making up 57.6% of the basket followed by JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), and CHF (3.6%).
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DXY (Dollar Index) is ready for a downfallHi Everyone
The DXY is the back bone for all the investments including crypto
The DXY and the USDT domination is showing weakness confirmed by mathematical modules and analysis, I expect a rise for all major markets (Commodity, stock and crypto)
I hope you Enjoy the ride
Good luck Everyone
DXY| I GUESS THERE IS MORE ROOM FOR DEEP PULLBACK AT 105:30 AREADollar index 4H pull backed supply zone area at 106.30 which am looking a one more leg to the downside to retest 105.30 price level. on the other side, if price now resumes it's rally then i will be looking bearish entries from the top.
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DXY| Q4 FORECAST 01-OCT-2023Dollar Index is approaching 108.00 inflection point where I think it would fill before we sell of all the way to the lows at 100.00 price level which is the completion of the expanding bearish pattern. But there is many scenarios we should expect before the market finds the bearish tune itself, first could be a bearish pullback to 104.00 area to test prev structure and then comeback to fill the gap at 108.00 or we now fill it and sell off as I draw. Keep in mind that the market can reverse right now as we have taken out the liquidity area at 106.00 key levels.
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DXYIs DXY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at daily time frame resistance level, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 105.20.
What you guys think of it ?