Dxychart
Analysis of the US Dollar Index (DXY) on the Weekly Timeframe: RBased on employment data, the market's repricing of interest rates, and the lack of expectations for further rate hikes, the dollar is expected to experience weakness this week leading up to the release of this month's inflation data, which could potentially turn the tide in favor of the dollar.
Through my analysis, I observe that the dollar will likely decline to the 99.800 level, which serves as a strong support zone. If this level is broken, the dollar will witness further downside.
Rising channel for DXY 1WWith the rising higher highs and higher lows in the close time period, I find this more appropriate to call a channel than a wedge. To call it a wedge, we should ignore this structure and in my opinion it is better to focus on the channel idea.But who knows what happens in the future :) this is my own idea, not a financial advice. Wish you all a great day!
Dollar Index Chart Analysis....
In this situation DXY chart Lower high wave.So, market need
seems sell correction @ 105:2700 and 103:878 and 102:300 support level.If breakout 108.500
resistance level, then market Buy UP to 109:680 resistance level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY create bearish butterfly pattern. So, Short sell Now
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
US DOLLAR (dxy) to fall to 92.00 region and beyondBased on my Elliot wave count, I started shorting the dollar since 94.70 price region. because it is evident that a new impulse wave as resumed towards the downside.
I am expecting more downpour ahead to a minimum of 92.00.
If you find this analysis useful kindly like and share.
Thank you
[DXY] How to use Fibonacci IndicatorHi guys !
This a simple chart with a explicit Fibonacci Indicator. Many people asking me how to use it, it's easy, have a look.
Story : Fibonacci was an Italian mathematician (1175 - 1250). He discovered this number sequence like this: Each numbers is calculated by adding the two previous numbers, for exemple : 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89...
The special thing in this sequence is that every numbers is 1.618 of previous and 0,618 of next one. And as you know, 1,618 is the "Gold number" .
(Hope my english is not too bad haha)
1 - Choose a higher and lower price (downtrend) or lower and higher price (uptrend)
2 - Fibonacci will retrace different line at 23.6, 38.2, 50, 61.8, 78.6 and 100 %
3 - Theses line will be the next supports / resistances in the correction / bounce
You can use it to place the best order (BUY or SELL) and make more profit.
Ask me for any questions !
Thanks for your time.












