Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. According to the previous analysis, wave 1 was probably completed from wave c and the second wave, as we said, started. Wave 2 is formed as a flat. For now, we prefer not to count this wave. From wave 2, wave a is...
What's up guys ! I'm looking for sell setups around this major daily resistance zone ,Price has been in an uptrend when looking at it from the daily timeframe It seems to respect the trendline and forms an ascending triangle It later breaks the triangle and I'm looking for the break of the major swing low around the demand zone as price retest the newly formed...
Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. We expected the dollar index to be a five-wave longer wave as a triangle leader. but it did not happen. And it ended in the same area. The scenario was that we are inside the fourth wave that wave b is forming and...
Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. The dollar index completed the triangle of 4 wave c . The wave structure of the 4 was not that it could be considered a flint, in fact because of the swinging and unavailable moves, and each of these movements in the...
Hi fellow traders, DXY has reached the BB area and is ready to head lower. Goodluck!
Hello Traders The chart attached shows that DXY is likely to push higher one last time to complete wave (v) of wave 5 before we can now start with the big sell off that can potentially run to the end of the year, something that is synonymous with Q4 . Hint: Once price breaks above wave iii we can then look for divergence between the high at wave iii and wave v...
DXY is reaching the resistance of the bearish (rising wedge) pattern. Also it is going to hit the previous ATH. 1. If those events occur it is highly likely that DXY will fall to the support line of the rising wedge. This will provide an opportunity for day trading (long) major XXXUSD pairs. 2. If the price breaks out the support downwards, there will be high odds...
Looking like US Dollar is rejecting for third time! So we might get a turn on Euro pairs like EUR/CAD and Gold / Silver / Oil. Watch out might get a short covering rally in all these pairs everyone is selling!!! Be careful on shorting....
Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. The dollar index of wave b is within wave c of four hours in time, and this wave will be one of five waves. From wave c we think that waves 1, 2 and 3 are formed and wave 4 is being formed. According to the current...
Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe. At this time, we still preferred that the wave count be arranged in the same way as the previous analysis scenario. In this scenario, the dollar index is inside its fourth wave at higher times and is forming...
US dollar index is trading close to the September 2020 high. I expect price to extend towards this high at around 94.760 and fall to 93.500 and later to 92.000. This September 2020 high is very strong as price reacted there quite sometimes, acting as support and resistance in the past. I believe price will be held strongly there and bears will defend this area...
Hello traders, Dollar Index in Daily Timeframe , In daily time we are still inside wave b and wave b has been flat, with waves a and b formed and the last wave (wave c) remaining. Microwave, wave c will be counted in four hours, but in this time we generally considered two possibilities. In the first probability, after the break of the Fibonacci 0.38, wave b...
The DXY is trading at an important level. The upper trend line formed near 97 serves as litmus test to where the price action will go... Our bias is towards the downside but only slightly and we will stay agile and flip our bias if proven wrong. BEAR CASE Price should see a test of the 97 levels early next week where it should find resistance. If this plays...
TVC:DXY SXY Still on butterfly pattern, recommended going short
Lokking for potential shorts at the resistance zone . Waiting for the bulls to get exhuasted DXY gives away part of the recent gains and looks to 94.00. US 10-year yields appear consolidative above 1.50%. Challenger Job Cuts, weekly Claims next in the docket.
Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe. According to the time of the four-hour ascent, we considered the fifth wave from the 5th wave of c . Wave 5 of Wave 5 has completed waves 1 and 2 and the third wave is forming its own microwaves. We assume that first...
Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe. Both of the previous analyzes we published in the four-hour time, one of these probabilities was that wave c of wave b of wave 4 did not end at higher times and wave c would be forming its fourth wave. And then...
Yes folks, just as many inexperienced "traders" out there are calling for a massive rally in the USD.......I actually think we're just on the verge of a MASSIVE DROP in the DXY! I'll leave it up to you who you want to believe (based on this chart)