Dxyviews
DXY rebounded after news about USDPlease follow my analysis DXY: Yesterday's USD index re-tested the bottom area then rebounded. On the H4 frame, a set of reversal candles appeared, but this morning's session has a decreasing GAP, so in the short term, it is expected that DXY will test this support zone again and then may increase again. Ace can consider buying with USD today
DXY - testing the bottom, rebounding on news daysDXY: Yesterday's USD index re-tested the bottom area then rebounded. On the H4 frame, a set of reversal candles appeared, but this morning's session has a decreasing GAP, so in the short term, it is expected that DXY will test this support zone again and then may increase again. Ace can consider buying with USD today
DXY INDEXPair : DXY INDEX
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Pattern
RSI - Divergence
Rising Wedge in Short Time Frame with the Breakout of Lower Trend Line
Break of Structure
Bullish Channel as an Corrective Pattern in Long Time Frame
Selling pressure on USD is increasing and in the current contextDXY: USD index today is maintaining below 105.20.
After consecutive drops beyond the support level, the USD is in a continuing downtrend
Investors should pay attention to protect profits with BUY positionsShows that selling pressure on USD is increasing and in the current context, information about the US is getting worse, causing the USD to weaken. Regarding technical factors. Because it has broken out of the uptrend zone, it is expected that the market will have a slight retest of the trend and then continue to decline. You can consider maintaining a sell watch with USD today.
DXY: there will be a correction todayDXY: The USD index yesterday fell sharply, penetrating the support zone and creating a head and shoulders pattern that can be clearly observed in the H1 frame in the context of negative information focusing on the US yesterday. And the FOMC meeting somewhat supported the USD's adjustment, but not significantly. Regarding technical factors this morning, DXY tested the neckline again, so it is likely that USD will continue to decline today. Consider maintaining a short position with USD.
DXY IndexPair : DXY Index
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Completed " 1234 " Impulsive Waves
CHoCH
DXY:C has bearish GAP reactions amid election newsDXY: The USD index is having transient reactions withinside the establishing consultation of the week with GAP falling sharply in a touchy context because of election news. In phrases of technical factors, with this GAP pressure, it's far viable that the USD will witness a bigger correction that could increase the buildup variety to the 105.6 area. You can keep in mind quick promoting the USD today.
DXY: USD index still maintains bullish stanceDXY: The USD index yesterday received both good and bad news. Therefore, we see that the USD largely maintains a state of accumulation and adjustment. On the Daily frame, a fairly positive candlestick is formed around the 105.70 threshold. However, in today's session, DXY is at risk of a deeper correction to around the 105.50 - 106.00 area and maintains its accumulation state today. You can consider buying USD when DXY returns to the 105.5-105.6 area.
DXYPair : DXY Index
Description :
Symmetrical Triangle as an Corrective Pattern in Long Time Frame
Completed " 12345 " Impulsive Waves
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
DXY IndexPair : DXY Index
Description :
Symmetrical Triangle as an Corrective Pattern in Long Time Frame
Bullish Channel in Short Time Frame
Break of Structure
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
RSI - Divergence
DXY IndexPair : DXY Index
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure
Demand Zone
Fibonacci Level - 50.00% / 61.80%
Bearish Channel in Long Time Frame
DXY INDEXPair : DXY INDEX
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Demand Zone
DXY IndexPair : DXY Index
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Demand Zone
DXY hits major resistanceDXY: The USD index this week is touching the susceptible help area round 104.60, so withinside the brief term, the USD is anticipated to get better barely today. Most of the marketplace will now no longer have lots fluctuation because of the financial institution holiday. Ace can refer to shopping for with USD
DXY IndexPair : DXY Index
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
RSI - Divergence
Demand Zone
Bullish Channel as an Corrective Pattern in Short Time Frame
DXY IndexPair : DXY Index
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
DXY Index Pair : DXY Index
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Resistance Level and Rejection
DXY IndexPair : DXY Index
Description :
Bearish Channel in STF
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Long Time Frame
DXY Index Pair : DXY Index
Description :
Impulse Correction
RSI - Divergence
Symmetrical Triangle
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
DXY Index New Week MovePair : DXY INDEX
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Fibonacci Level - 78.60%
DXY INDEXPair : DXY INDEX
Description :
Head and Shoulder as an Correction in Short Time Frame
Break of Structure and Retracement
RSI - Divergence
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
DXY Analysis: Potential Retracement AheadI'm closely monitoring the DXY (US Dollar Index) for indications of the dollar's trajectory into the weekend and early next week. The US dollar's influence on global markets makes the DXY a critical reference point for traders.
Given the strong correlation between many currency pairs and the US dollar, the DXY's current position at a key resistance level suggests a potential pullback. The dollar appears overextended, and coupled with typical end-of-week trading patterns, we may see a significant retracement impacting broader markets.
Important Disclaimer: This analysis is intended for educational purposes and should not be interpreted as financial advice.
