DXY may have reversed!!Currency Pair : DXY
Possible direction : Bullish
Technical Analysis : Price just has opened with gap and slowly turning into a bullish market after forming a middle man in the previous session. From monthly price has just bounced from the monthly support zone.
Fundamental : Positive ADP Non-Farm Employment change data has given a strong boost on USD
Possible trade recommendation : Bearish as per chart sketch
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Dxysignals
DXY Index Next Possible MovePair : DXY Index
Description :
Divergence
EXP Fiat as an Corrective Pattern in Long Time Frame
Completed " 1234 " Impulsive Wave
Break of Structure
Symmetrical Triangle
Completed " ABC " Correction in Short Time Frame
Bullish Channel as Correction in STF
Rejection from Upper Trendline or Fibonacci Level ( 78.60% - 100% )
DXY could be starting a bullish reversal.The U.S. Dollar Index (DXY) is rebounding aggressively today after holding the 100.815 Support (February 02 Low), on the strongest 4H candle so far in a month. It remains below both the 4H MA50 (blue trend-line) and 4H MA100 (green trend-line), trading inside both a core Channel Down (blue) and a Diverging Channel Down (dotted).
The very same pattern was seen prior to the February 02 Low. The Ichimoku Clouds are identical as well as the RSIs, which after Lower Lows formed a Double Bottom and rebounded. If the price breaks above the top of the Diverging Channel Down, then we will most likely see a rally extension to the 0.618 Fibonacci at 103.950. If rejected, we will resume selling and target 100.450.
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USDX(Dollar) Must Continue To Extend LowerTechnical Analysis:
- As you can see the above daily chart, USDX is still doing a ABC correction in blue
- We present two possible paths - Black and Blue ( With actual data each path has 50% probability )
- The decision of both paths (Black and Blue) will be taken when USDX will arrive to the orange circle area
- Short term structure is bearish
- H1 Right Side is down
- H4 Right Side is turning down
Technical Information:
- Don't buy USDX (Dollar) now in short term
- We like to buy when wave C in blue and wave 4 in black are completed
DXY 04 April Next MovePair : DXY Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame as an Corrective Pattern with the Breakout of the Lower Trend Line
Selling Divergence
Completed " 1234 " Impulsive Wave
Break of Structure
Symmetrical Triangle in Short Time Frame and Breakout the LTL and Completed the Retracement
Impulse Correction
Rejection from Fibonacci Level - 38.20%
DXY Index Next Possible MovePair : DXY Index
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame as an Correction with the Breakout of the Lower Trend Line and Retracement
Divergence
Break of Structure
Completed " 1234 " Impulsive Wave at Fibonacci level - 38.20%
Exp FIAT as an Correction in Short Time Frame and Rejection from the Lower Trend Line and Fibonacci Level - 78.60%
Impulse Correction Impulse
DXY Chart Analysis....
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.
DXY Huge H&S about to break downwards aggressivelyThe U.S. Dollar Index (DXY) has hit our first short-term target as presented on our most recent analysis:
The major news however is that it failed to break above its 1W MA50 (blue trend-line) where in fact it got rejected last week. This validates the giant Head and Shoulders (H&S) idea we discussed in the past, which is now targeting the 1W MA200 (orange trend-line) and Support Zone 2 at 98.300.
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DXY Next Possible MovePair : DXY Index
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Impulse Correction
Rising Wedge as an Corrective Pattern and Breakout the Lower Trend Line and Completed the Retracement
Dollar Index Chart Analysis....
In this situation DXY Short time chart create Bearish BAT Pattern. So, market
short term Buy UP to 104:930; and 105:100 resistance level. Then market need long
sell correction to nearest Support 103.700 and 103.400 level.
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.
DXY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.