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DXY (US Dollar) Elliott Wave Sequence Favors LowerDXY (US Dollar) Showing 5 swings impulse Elliott wave sequence lower from the 3/08/2023 high, which ended at $101.415 low on 4/05/2023. Above there, it favors a corrective bounce in 3, 7 or 11 swings before downside resumes. DXY proposed ended (B) at $105.883 high on 3/08/2023. Below there, it placed ((i)) at $103.484 low & ((ii)) at $105.103 high. ((ii)) was 0.618 Fibonacci retracement of first leg. It placed ((iii)) at $101.915 low on 3/23/2023. It bounced off in ((iv)), which ended at $103.357 high on 3/24/2023. Finally, it ended ((v)) as diagonal sequence at $101.415 low on 4/05/2023 to finish wave 1. Above there, it favors a corrective bounce in wave 2, which should fail below (B) high to resume lower as the part of (C) leg, which confirms below February low. Above wave 1 low, it placed (a) at $102.052 high & (b) at $101.755 low. It favors higher in (c) of ((w)) of wave 2. It placed i at $102.297 high, ii at $101.988 low & iii at $102.807 high. Below there, it favors pullback in iv before final leg higher in v to finish (c) as ((w)) within extreme areas. It may even ended ((w)) leg & correcting lower in ((x)) leg to retest the low before turning higher in wave ((y)) as the part of 2. Wave 2 bounce should fail in 7 or 11 swings from extreme areas in bearish sequence to resumes downside later in wave 3 of (C), which confirms below $101.415 low.
ICEUS:DX1!
by Elliottwave-Forecast
Elliott Wave Projects GBPUSD Pullback Continue to Find Support$GBPUSD broke above previous peak on 1.23.2023 high at 1.2448 and now shows a bullish sequence from 9.26.2022 low. Cycle from 3.8.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 3.8.2023 low, wave (i) ended at 1.2204 and pullback in wave (ii) ended at 1.2009. Pair extends higher in wave (iii) towards 1.2344, and dips in wave (iv) ended at 1.2189. Final leg higher wave (v) ended at 1.2423 which completed wave ((i)). Wave ((ii)) pullback ended at 1.2271 as the 1 hour chart below shows with internal subdivision as a zigzag. Down from wave ((i)), wave (a) ended at 1.2352, wave (b) ended at 1.2397 and wave (c) lower ended at 1.2271. Pair has resumed higher in wave ((iii)) towards 1.2525 as an impulse. Up from wave ((ii)), wave (i) ended at 1.2426 and wave (ii) ended at 1.2394. Wave (iii) ended at 1.2521, pullback in wave (iv) ended at 1.2465, and final leg wave (v) ended at 1.2525 which completed wave ((iii)). Pullback in wave ((iv)) is in progress as a double three structure. Down from wave ((iii)), wave (w) ended at 1.243 and wave (x) ended at 1.2479. Expect wave (y) to extend lower to 1.233 – 1.2386 blue box area where buyers should appear for further upside.
by Elliottwave-Forecast
DXY D1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
TVC:DXYLong
by traderchamp_
2
DXY 4 HOUR UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
TVC:DXYShort
by traderchamp_
not going to be easy for equites and gold from here onusdx has made a sharp bottom in my opinion it has completed an impulse move and now a corrective move in a down trend it can go up to the retracement levels marked on the chart however it has to be remembered that this is a corrective move only not a start of an uptrend or any impulse move so have to plan accordingly 101.5 on the downside is a key level until it trades above that level the move is only on the upside on every dips
PEPPERSTONE:USDX
by Tradegainer
DOLLAR RETRACE TO 103+ ON FOMC & NFP VOLATILITY ?COT: Dollar has weakened significantly since mid NOV-22 Driven by institutional selling of long contracts since begin Q4-22 Assisted by accumulation of short contracts sinds JAN-23 Outlook for Q1-23 remains sideways to down Next downside level is 99.60 FOMC & NFP: Before another drop below 100 big figure a retrace is likely 103+ will likely be mitigated in FEB 103 = mitigation level = GAP resistance = sell VWAP Begin FEB is pivotal week(s) with FOMC & NFP FOMC and/or NFP volatility will likely facilitate the retrace OUTLOOK: Will be monitoring price behaviour between 103.00 - 103.25 Looking for change of behaviour on the lower timeframe (wicks into mitigation-level) Anticipating a swing lower from 103+ to 100- after mitigation This will offer buy setups in the MAJORS, with a preference for commodity CCY's
ICEUS:DX1!Short
by xtrader1
1
XAUUSD vs USDX XAUUSD Bullish on the weekly chart, still above 10 and 15 day EMA as well as 50 day SMA. Good distance between 10 and 15 day EMA. XAUUSD Neutral on the daily chart 10 day and 15 day EMA have touched one another, but haven't crossed. XAUUSD remains above the 50 day SMA XAUUSD Bearish on the 4 hour chart 10 and 15 day EMA have crossed with 15 day EMA now above the 10 day EMA and gap is still wide between the 2 lines. Far below 50 day SMA. 10 day EMA = Blue Line 15 day EMA = Red Line 50 day SMA = Orange Line
EIGHTCAP:USDX
by UxFxO
EURUSD Pullback Likely To Find Support In ElliottWave CorrectionIn short term Elliott wave sequence, EURUSD favors pullback in wave 2 started from 1/26/2023 high before upside resumes in wave 3. It is correcting in wave 2 in 3, 7 or 11 swings against the bullish sequence from 1/06/2023 low and expect to find support at extreme areas before turning higher. Since 1/06/2023 low, it placed ((i)) at 1.0868 high in wave 1. Below there, it placed ((ii)) at 1.0781 low as flat correction. It finished ((iii)) at 1.0927 high and ((iv)) at 1.0833 low. Finally, it ended ((v)) at 1.0929 high as wave 1 in diagonal structure in (C) leg on 1/26/2023. Below there, it favors pullback in wave 2 in proposed 3 swing correction. Below wave 1 high, it started correcting lower in wave 2 in proposed zigzag sequence. It ended ((a)) at 1.0836 low as short term diagonal sequence. Inside ((a)) leg, it ended (i) at 1.0872 low and ((ii)) at 1.0917 high. Below there, it finished (iii) at 1.0849 low and (iv) at 1.0900 high. Finally, it ended (v) at 1.0836 low as ((a)) in wave 2 correction. It proposed ended ((b)) at 1.0914 high in 3 swings bounce, where (a) ended at 1.0879 high, (b) at 1.0851 low and (c) at 1.0914 high. Below ((b)) high, it favors lower in ((c)) leg, which confirms below ((a)) low. It placed (i) of ((c)) at 1.0889 low and (ii) at 1.0911 high. It finished extended wave (iii) at 1.0837 low and appears ended (iv) at 1.0860 high. Below there, it favors lower in (v) towards 1.0821 – 1.0763 area to finish ((c)) leg at extreme areas to end wave 2 correction. From extreme areas, it expects to resume higher either in wave 3 or at least can see 3 swing bounce as the part of double correction in wave 2.
by Elliottwave-Forecast
1