SEYED98

Possible Trend of the Dollar Index in 2023

SEYED98 Updated   
TVC:DXY   U.S. Dollar Index
In this idea, the trend of the dollar index in 2023 is shown.

In 2022, due to the fall of the stock index of most industrialized countries, we saw the growth of the dollar index, and the final resistance line according to the Fibonacci tool set at the Fibonacci level of 1.41 and the index at 114.

but after that, the dollar index began to fall, and this fall has three hard resistance levels ahead, and the hardest level is the range between Fibonacci 0.38-0.5.

Good luck.
SEYED
Comment:
Stay with dxy Bears to the next sellers target
Comment:
dxy chart indicates a bull trap .please do not trap
Comment:
at second seller target.
potential price and index are
gold 1950-1960 USD
Silver 25-25.5 USD
USDJPY 123-124 USD
Comment:
sell order touched 100.8 as expected
dxy buy order activated.
Comment:
Possible trend of the dollar index
Comment:
dxy needs following trend to stabilize market
Comment:
MY TARGET FOR DXY
Comment:
USDCHF Trend :Reversal Trend at 0.87
Comment:
I Change my Target on on my Idea (May 1 ) to following chart
Comment:
DXY BEARISH CRAB PATTERN WILL START AT 104.5
Trade active
Comment:
DXY Rise Up to 105.5 then Start Falling dxy deeply
Trade active:
DXY Trend Before / After Starting Correction
Trade closed: target reached
Comment:
possible trend of dxy on September.
Comment:
Comment:
DXY Is Approaching to F 1.27 ( 106.76 ) and Now dxy Needs minor correction
Trade active:
MINOR Correction is Done as I expected .
now Dxy rise more to level 1.618
Comment:
Bearish Shark Pattern Will start at point D of Shark Pattern
Comment:
Potential DXY Trend in April

Fibonacci ratios are one of the most powerful and easiest trading tools in your investor’s toolbox. It provides excellent guidance for when a trend will end and reverse course.

GOOD LUCK.

SEYED.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.