DXY - US Dollar Index Trade Analysis
According to chart pattern DXY is forming Cup and Handle Pattern and this point my be the trend reversal on shorter time frame.
Entry Point for Long: 103.0963
Target: 103.3263
manage your risk according to your account size.
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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
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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...
Dollar Index is on edge of broken pitchfork, next targets:110 & 122.
At my previous idea on DXY the bullish diamond pattern is formed.
Cancellation of idea in case:
If the M bar closes below the red level 0.618, then targets 78 & 62.
Go green! ;-)
Dollar Index daily analysis based on global combination of pitchforks and Fibonacci expansions.
Uptrend Confirmed .
ENTRY: 97.51
TP1: 99.23
TP2: 100.96
SL: 96.74
In this article I will be doing Elliott Wave Analysis of the Dollar Index, as you can see from the current count that we are in a Wave 4 of a higher degree Wave 3, hence it calls for a buying opportunity.
I believe that the 38.2% level that is coming near 100.24 should act as a Region of Support and hence buying can be initiated there.
Strategy :
Wait for...
