a niceeeeee down move giving you direction on all the other dxy pairs but this dollar weakness could be coming to a pause as it approaches this key level now with that being said it could just break down at this level and go fill that fair value gap and cause a nice up move for gold we have to see how price develops here but it is a point of intrest everyone...
finally getting the move we were waiting for from dxy finally making its decision
if this lower low get violated dxy will start pushing the lows dxy tried to make a move up b4 that news event but failed to hold above that 112.500 handle so we just have to see what dxy next few 4hr closes look like
dxy getting bullish right now nice break after tll and eqh as off now nice pull back so presents some nice dollar trades like gols indices and other majors in favor of dxy
dxy did a small sweep above those equal highs and created another order block just recently retested it and fell so break of this dxy higher low were going to start seeing dxy take a nice dip to that 109-110 level
theres equal highs here so i beleive we see a test to that orderblock which is right by a key pivot level dxy still has a bit more upside when it gets to that level ill see what it does but if bears come in we could finally see dxy make a nice move down but until then its not done yet !!!!
theres liquidity on both sides equal highs and lows price been here before and failed to break the low creating that equal low so i believe it will sweep orders up top before fully heading down unless it breaks those lows soon and it will keep pushing down look at previous equal highs and lows and see how it swept out liquidity b4 the actual moves
so where here at a very crucial area where we have to pay attention market a bit choppy from news a few hrs ago now overall trend is up on the daily but dxy has been so bullish last few weeks so this pull back was much needed if these lows hold "110.400" we can see up move now if that low breaks down we can see dxy test 109 soon so all eyes on deck
Technical Analysis Chart Update DXY - Dollar Time Frame - H1 ELLIOT WAVES - " 123 " wave completed and making correction for 4th Wave BULLISH CHANNEL in Long Time Frame #LTF Symmetrical Triangle in Short Time Frame #STF
I think we have finished ABC correction and are now in the last part of the X wave. after this X wave, I predict that the USD index will fall to the areas shown. furthermore, we are in the upper area of channel down. Also, I have provided Fibonacci retracement of the ABC wave and now we are in the middle of that wave (50%). In addition, Fibonacci projections of X...
elliot wave finish 5 wave - Rsi show divergence for low price - Momentum is low i think finish high price dxy and pump stock and other asset
Dollar index h1 forecast high time frame trend is bullish.so I m expecting an H1 supply zone break. next target is 110.800
there are possible paths for the DXY before it crashes to zero and being replaced by another reserve currency. sending love to all
The DXY broke down a short term up trend line. Pay attention to horizontal support area.
DXY Downlink formation Tipping point with down channel seduction ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already...
110 is a big resistance for DXY. It could slide to 96. The dollar is in a perfect upward trend, backed by souring war sentiments and inflation fears. Now there are looming recession fears, which could stop the Federal Reserve from hiking rates aggressively. The European Central Bank has said it is open to increasing interest rates. EURUSD buyers will get some...
This idea is on 1H frame DXY index has brick ascending channel downwards , the nearest support zone is 107.84$ it expected to visited soon Other markets explode as soon as the index goes down
This is a chart of the U.S. dollar currency index with Fibonacci Retracement levels applied. These Fibonacci levels take the entire history of the dollar index into account as they were drawn from the all-time high in 1985 to the all-time low in 2008. On the bottom is the monthly RSI. It is extremely rare for an asset to create bearish divergence on a timeframe...