Our last setup on DXY worked out well, we are anticipating this price action as explain on our chart. Even if you use this chart along, you will be able to make good growth.
We had a good break-out buy signal on the U.S. Dollar Index (DXY) on our last trade ten days ago (see chart below) and despite not having hit our original target, we decide to close the long position: The reason is that it has reached the Lower Highs 1 trend-line, the first out of two Resistance levels. Our target was the 1.618 Fibonacci extension, where the...
Pair : DXY Index Description : Bullish Channel as an Correction in STF Fibonacci Level - 78.60% Break of Structure S / R Level RSI - Divergence Bearish Channel in LTF
if elliot's notation is correct, most likely there will be a correction and DXY will continue the bullish trend again, limited to 105,600
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.
Dear traders, hope everyone having a great week, DXY we had a massive sell off due to mostly by economic events came out negative for USDOLLAR. What we are expecting on DXY is to reverse from the current price. Though we have NFP which will be crucial
The U.S. Dollar (DXY) may be having a green month as we approach its end but this shouldn't make you diverge from the long-term perspective. And as you see, the outlook on the 1M time-frame remains bearish as not only is the price still on Lower Highs since the September but the 1M MACD completed a Bearish Cross this March and we are still far from hitting the 1M...
Pair : DXY Index Description : Completed Impulsive Wave " 12345 " Break of Structure Divergence Break of Structure Impulse Correction Bullish Channel as an Correction in STF
The U.S. Dollar Index (DXY) has found itself rebounding, many months after the huge sell signal we gave last September (chart below): The price rebound on the 100.790 Support that was first formed on the February 02 Low and is now above the 1D MA50 (blue trend-line). The 1D RSI symmetry with the February rise, hints that the price may rise as high as the...
The mid-week DXY looks in accordance with the initial analysis, experiencing bullish entry into the impulse wave, if now is the period of wave C, and wave C usually consists of 5 waves, then wave 3 has at least the same length as wave 1. we can estimate the movement of the wave 3 using the Fibo Extension.
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Pair : DXY Index Description : Bearish Channel as an Correction in Long Time Frame with the Breakout of the Upper Trend Line Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave Break of Structure Divergence - RSI Symmetrical Triangle in STF with Breakout and Retracement
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...
Pair : DXY Index Description : Bullish Channel in Long Time Frame as an Corrective Pattern Completed " abc " Corrective Wave Divergence Impulse Correction Break of Structure Rejection from Fibonacci Level - 61.80% Double Bottom Bearish Channel in STF
Pair : DXY Index Description : Falling Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the UTL Break of Structure RSI - Divergence Completed " ABC " Corrective Wave Bullish Channel Rising Wedge in Short Time Frame with the Breakout of the LTL
DXY intraday trading alert 3 simple steps to find a quality setup ! Risk Reward Ratio 1: 2 Anyone same idea with me? SELL DXY Good luck traders..
DXY is ready to BUY. there is important price for it and i think 102.00 is very important. if tonight the price will close upper than 102.00, monthly and weekly candles shape show us good signal, in daily and 4H first top line will break, and all the reasons show us powerful signal to BUY. It can change all of markets.
Pair : DXY Index Description : Bearish Channel in Long Time Frame as an Corrective Pattern with the Breakout of the Upper Trend Line Divergence Break of Structure Completed " 12345 " Impulsive Wave and making its Correction " ABC " Bearish Channel in STF