Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when...
Pair : DXY Index Description : Bearish Channel as a Correction in Long Time Frame Break of Structure RSI - Divergence Symmetrical Triangle Completed " AB " Corrective Wave Fibonacci Level - 78.60%
Here is my view for DXY on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Our last setup on DXY worked out well, we are anticipating this price action as explain on our chart. Even if you use this chart along, you will be able to make good growth.
Pair : DXY Index Description : Bullish Channel as an Correction in STF Fibonacci Level - 78.60% Break of Structure S / R Level RSI - Divergence Bearish Channel in LTF
if elliot's notation is correct, most likely there will be a correction and DXY will continue the bullish trend again, limited to 105,600
Currently, DXY has touched the Fibo extension at value 1, meaning that the wave length that occurs is equal to Wave 1. A correction may not take long, but for the medium-term target, DXY can bounce up to Fibo extension 1,618 which is parallel to the high of wave 2.
Dear traders, hope everyone having a great week, DXY we had a massive sell off due to mostly by economic events came out negative for USDOLLAR. What we are expecting on DXY is to reverse from the current price. Though we have NFP which will be crucial
Pair : DXY Index Description : Completed Impulsive Wave " 12345 " Break of Structure Divergence Break of Structure Impulse Correction Bullish Channel as an Correction in STF
Hey Everyone, Strong USD is expected in coming weeks. meanwhile we are expecting price to be bearish during the upcoming days in the week. If you like the setup please do like and comment your views!!!1
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My Outlook The unexpected increase in inflation is not a positive development, contrary to what some headlines may suggest. While we anticipate a decrease in inflation, it is unlikely to reach the Fed's target of 2% for several years. This means that the US will likely have higher interest rates than other countries, even if inflation rates are higher...
In my opinion, the dollar index this week will tend to be bullish, where the price looks to breakout from the previous swing high, even though there is a possibility of a correction, as long as this correction does not fall further than the invalid line, then the bullish trend is still a priority analysis
Pair : DXY Index Description : Bearish Channel as an Correction in Long Time Frame with the Breakout of the Upper Trend Line Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave Break of Structure Divergence - RSI Symmetrical Triangle in STF with Breakout and Retracement
Pair : DXY Index Description : Bullish Channel in Long Time Frame as an Corrective Pattern Completed " abc " Corrective Wave Divergence Impulse Correction Break of Structure Rejection from Fibonacci Level - 61.80% Double Bottom Bearish Channel in STF
Pair : DXY Index Description : Falling Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the UTL Break of Structure RSI - Divergence Completed " ABC " Corrective Wave Bullish Channel Rising Wedge in Short Time Frame with the Breakout of the LTL
I think DXY is still in accordance with the analysis, currently it is still in the correction phase, it looks like it will continue the upward trend.
What is DXY ? The U.S. Dollar Index (DXY) is a measure of the value of the U.S. dollar relative to a basket of six major foreign currencies. It is a weighted geometric mean of the exchange rates between the U.S. dollar and these currencies. The DXY was created in 1973 with a base value of 100 and serves as a benchmark to assess the strength of the U.S. dollar in...