Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
If you have checked the 4-hour time analysis in our account, you will notice that our current movements are predictable, and from this point on, it is difficult to determine the next movements.
This recent ascent can be considered for wave 5 of wave c of wave 2 or wave 2 of wave 3.
Currently, if the green trend line is broken, the downtrend can continue to the previous price floor (93.840) and if this area is broken, the downtrend will continue to the bottom of the orange channel (93.400-93.200).
Otherwise, a re-ascent to Fibo 0.618 will occur.
If the green trend line or strong 93.970 area is not broken, the climb to Fibo 1.38 (94.300) will occur from this range.
If the previous price ceiling (94,500) is completely broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
If you have checked the 4-hour time analysis in our account, you will notice that our current movements are predictable, and from this point on, it is difficult to determine the next movements.
This recent ascent can be considered for wave 5 of wave c of wave 2 or wave 2 of wave 3.
Currently, if the green trend line is broken, the downtrend can continue to the previous price floor (93.840) and if this area is broken, the downtrend will continue to the bottom of the orange channel (93.400-93.200).
Otherwise, a re-ascent to Fibo 0.618 will occur.
If the green trend line or strong 93.970 area is not broken, the climb to Fibo 1.38 (94.300) will occur from this range.
If the previous price ceiling (94,500) is completely broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️