To better understand the DXY Index roadmap🗺️, it is better to first look at the DXY weekly time frame:👇(Running well, as I expected ✅)
As you can see, the upward trend of DXY will continue.
Now, I tried to show you the DXY roadmap in the 4-hour time frame using the Elliott wave theory.
It seems that DXY is nearing the end of wave 3, and this wave can end at 🟡Price Reversal Zone(PRZ)🟡.
I expect the DXY to return to the first 🟢support zone($ 103.60-$ 103.36)🟢 after the end of wave 3 is confirmed and rise again to the top of the 🔴heavy resistance zone($ 105.80-$ 104.53)🔴.
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.