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