💵DXY💵 will have an upward trend in the Coming Months🚀Hi everyone👋.
💡The DXY index managed to break the 🔴 Resistance zone($103.80-$103.38) 🔴 last week.
🌊According to the Elliott wave theory , DXY completed the Zigzag correction(ABC/5-3-5) with the Expanding Ending Diagonal .
🔔I expect the DXY index to go up in the 🌙Coming Months🌙 and break the upcoming 🔴 Resistance zones 🔴 one by one.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily time frame⏰.
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Dxysignals
DXY is eyeing 105.50In my 24th of August DXY analysis, I explained why I'm bullish USD Index and suggested buy dips around 103 support.
It worked like a charm and after a short dive to support, bulls returned with vengeance and drove the price back up to resistance.
At this moment I expect also a break above this resistance in which instance traders could expect continuation towards the next one at 104.50.
I'm looking to sell rallies for EurUsd, AudUsd, GbpUsd, and NzdUsd.
My 24th August analysis:
DXY First 1W MA50 test since March. Bullish or bearish?The U.S. Dollar Index (DXY) has come the closest it's been to the 1W MA50 (red trend-line) in 6 months (since March 09 2023). So far the price action has shown a bearish reversal sentiment as the Higher Lows trend-line of the rally since the July 14 bottom, broke last week, but the 1D MA200 (orange trend-line) supported. This bearish sentiment will be confirmed however if the price gets rejected on the 1W MA50, i.e. test it and close the 1W candle below it.
In that case we will open a sell on the spot and target the 1D MA200 again and Support 1 at 103.000. If after that the price closes a 1D candle below, we will sell again towards Support 2 (102.000).
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DXY, ready to challenge the year's (2023) High.Ever since the greenback (DXY) hit the year's (2023) low at 99.595 on 14th July 2023 the price has steadily rise from the base of the descending channel and attempted to breakout on 17th August and finally broke out last Friday, 1st September on the back of the NFP fundamentals.
Last Thursday daily candle closed above the EMA-200 and also broke out of the descending channel with the Friday's candle.
The DXY is ready for an upside swing to a yearly (2023) high of 105.834 and potentially furthering up to 107.342 in the days to come. What an exciting time for the DXY.
DXY is adequately supported by the EMA-200, 100 and 20 on the Daily Time Frame.
DeGRAM | DXY buy pullbackDXY is making higher highs and higher closes. It broke out of the descending channel.
Price action created a nice long opportunity where a couple of confluence lines up with the support level.
Previous resistance becomes support; 38.2% fibo level. On the W chart, price created a bullish pinbar, which is huge bullish sign.
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DXY LONG TERM TRADE SELLING
Hello Traders
In This Chart DXY HOURLY Forex Forecast By FOREX PLANET
today DXY analysis 👆
🟢This Chart includes_ (DXY market update)
🟢What is The Next Opportunity on DXY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
DXY New Week MovePair : DXY Index
Description :
DXY Index is Following Bearish Channel in Short Term Frame and it has Breakout the Upper Trend Line it can Reject from the Previous Strong Resistance ( 104.578 / 104.668 )
And in Long Time Frame it is Following ELLIOT WAVES Theory , according to it will make its " 4th " Corrective Wave at Fibonacci Level " 61.80 / 78.20% )
DXY- What's up with the US DollarIn my previous DXY analysis, I wrote that, after the false break from mid-July, USD most probably reversed to the upside, and there are clear signs of this:
1. After the false break we have a strong bullish engulfing candle that confirms the old support (green rectangle)
2. Long-tailed Pin Bar candle that confirms the break above the falling trend line (red rectangle)
At this moment, the index is testing a horizontal resistance and yesterday we had a reversal candle.
In my opinion, this candle is not signaling reversal but, in the best case, a minor correction.
This correction should be considered a good chance to search for selling opportunities for USD pairs and my main focus is on EurUsd and AudUsd
🚨DXY crash after 🐮Bull Trap🐮🚨↗️DXY Index reacted well to the Resistance Line .
🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮.
🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY- New leg up after correction?In my previous DXY analysis, I said that, after the false down break, DXY could reach 103.50 zone and also break above the falling trend line.
The target zone was reached and now, considering the importance of this resistance, a correction could follow.
However, in my opinion, the medium to long term trend for USD has changed back to bullish and this correction should be used for selling pairs like: EurUsd, GbpUsd, AudUsd and NzdUsd
🔔DXY is ready for Pull Back🔔As I expected, DXY broke the resistance lines , and now DXY is moving near the 🔴 resistance zone($103.80-$103.38) 🔴.
🌊According to Elliott wave theory , DXY completed 5 impulse waves at the resistance zone.
🔔I expect DXY to drop to at least the uptrend line in the next few hours.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | DXY pullback and continuation DXY is in an ascending channel, making higher highs and higher closes. It broke through the consolidation zone and moved higher.
If price pullbacks to the support level and the Fibo 50% level, the market will probably go up by grabbing liquidity below the recent low.
We expect the trend to continue and retest the highs.
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Increase of DXY index after breaking the Resistance Line🚀Hi everyone👋.
💡The DXY Index is ready to break the resistance lines; one of the signs is Bullish Marubozu Candlestick Pattern .
🌊If we look at the DXY from the theory of Elliott waves , we will find that DXY is on the way to completing wave 5 (📚If DXY breaks the resistance lines, we can confirm the end of wave 4 📚).
🔔I expect DXY to break the resistance lines and at least go UP to the 🔴 resistance zone($103.80-$103.38) 🔴 in the coming hours.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY LONG TERM TRADE SELLING
Hello Traders
In This Chart DXY HOURLY Forex Forecast By FOREX PLANET
today DXY analysis 👆
🟢This Chart includes_ (DXY market update)
🟢What is The Next Opportunity on DXY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
DeGRAM | DXY bullish opportunityDXY is in a bullish trend and broke and closed above the 102.000 level.
Price action is trading in the ascending channel.
If price pulls back to the support level, then we can look for buying opportunities.
We expect the resistance to be tested.
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