$DollarIndex could trigger a 3 or 5 wave swing on daily chart, and if this happens, the first Target should be around 106/107 area. That said, the trend remains bullish and the index should be bought on any correction. The technical structure on intraday chart is also very interesting, and it might be useful to develop it in our updates below as well.
...
DXY
Hey Traders, in today’s trading session I'm are monitoring DXY for a selling opportunity around 103.90 zone, once we will receive any bearish confirmation the trade will be executed...
Hi!
We have some important signs for the dollar index that don't bode well for the crypto market!
This is the 1 WEEK CHART.
This is a high degree of reliability.
In fact, what we saw on last week's hourly chart has already developed into a persistent reversal.
1: Ishimoku. The green Kumo cloud has halted Bitcoin's fall. In fact its lower boundary Senkou B has...
It's not financial advice.
It's just my prediction about the future of the DXY index
Just see and Think about it.
I think it's so interesting analysis to imagine the future of DXY.
So Let's go
************************************
In the first level let me tell you more about the relationship between DXY and the cryptocurrency market.
It is a known fact that the...
DX1 DOLLAR💥1H-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥Dollar Index
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
DX1 DOLLAR💥1D-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥Dollar Index
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
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.
In this situation, DXY chart creates Elliott wave pattern. So,if 103.600
resistance level need to sell confirmation then DXY will fall 102.700 &
102.200 support level. If the breakout is 103.800 level then case is invalid.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including...
DXY analysis is still in accordance with last week's analysis, currently still looks bullish with the notation still unchanged. The invalid area is in wave 2, I assume if the price drops more than wave 2 then the Elliott notation will change and there may be a trend change.
Hello my friend, Everything is marked on the chart like always. The uptrend seems to continue to the next resistance level. We can consider it and entering safe in the Gold , Euro , Pound and etc.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. be nazar...
Hello my friend, Everything is marked on the chart like always. It's likely that the resistance will be broken but it's better to wait until it is broken and fixation above that. We can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 102.7-103.
Good luck.
If its useful please like it as a support and follow me to next analysis...
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
This post is an update to my original post few weeks ago where I presented the case for DXY bottoming out. Following is the link to that, please go through it to understand the context.
On Thursday DXY closed above 34( Red )EMA, on the daily, as mentioned in previous post, it a sign of strength and possible breakout, and we did breakout the following day...
In this situation, DXY chart creates ab=cd Pattern. So,if a breakout market 101:000 support level is then market sell to the nearest 100.800 and 100.230 support levels. If breakout 101.700 resistance level is, then the market will go up 102 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information...
In this video we look at the #DXY dollar index and analyse its potential trend reversal. The daily timeframe shows a pattern of higher lows and highs, with a clear formation of a bottoming structure. Throughout the video, we will discuss the current market conditions, including price action, market structure, and the trend, and identify a potential swing trade...
Long term I am Bearish on DXY, with De-Dollarization happening in the world especially BRICS countries preparing to create a new currency to use for trade amongst them and 24 other nations joining them. So, we will see the dollar lose its value over the next few years.
But in the short to midterm (Few Months to a year) I am seeing a nice bottom form for DXY.
I...
Hello my friend, Everything is marked on the chart like always. We can consider it and entering safe in the Gold , Euro , Pound and etc. key point is 103.
Good luck.
If its useful please like it as a support and follow me to next analysis :)
Salam doostan aziz, hame chiz rooye chart baraye shoma moshakhas shode. mitoonim in ro dar nazar begirim va vorood haaye...
