DXY is making higher highs and higher closes. It broke out of the descending channel. Price action created a nice long opportunity where a couple of confluence lines up with the support level. Previous resistance becomes support; 38.2% fibo level. On the W chart, price created a bullish pinbar, which is huge bullish sign. ------------------- Share your...
There is a possibility that Dxy has experienced saturation and Wave 5 has been formed. At present the price is trying to try to reversal, there is a blue line limit where if the price drops more than the area there is a possibility of bearish.
Hello Traders, Take a good look at the annotations, what do you think? Could this be the move for the dollar in the coming months? Let me know in the comments. Follow me for more updates like this. Cheers, Jabari
Hello Traders In This Chart DXY HOURLY Forex Forecast By FOREX PLANET today DXY analysis 👆 🟢This Chart includes_ (DXY market update) 🟢What is The Next Opportunity on DXY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The...
Pair : DXY Index Description : DXY Index is Following Bearish Channel in Short Term Frame and it has Breakout the Upper Trend Line it can Reject from the Previous Strong Resistance ( 104.578 / 104.668 ) And in Long Time Frame it is Following ELLIOT WAVES Theory , according to it will make its " 4th " Corrective Wave at Fibonacci Level " 61.80 / 78.20% )
In my previous DXY analysis, I wrote that, after the false break from mid-July, USD most probably reversed to the upside, and there are clear signs of this: 1. After the false break we have a strong bullish engulfing candle that confirms the old support (green rectangle) 2. Long-tailed Pin Bar candle that confirms the break above the falling trend line (red...
↗️DXY Index reacted well to the Resistance Line . 🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮. 🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your...
Pair : DXY Index Description : Strong Resistance Level Bullish Channel as an Corrective Pattern in STF Completed " 12345 " and " A " Corrective Wave Impulse Correction RSI - Divergence
In my previous DXY analysis, I said that, after the false down break, DXY could reach 103.50 zone and also break above the falling trend line. The target zone was reached and now, considering the importance of this resistance, a correction could follow. However, in my opinion, the medium to long term trend for USD has changed back to bullish and this correction...
Hello traders, we want to check the DXY chart. The price is moving in an ascending channel and has reached the specified key level. We expect this level to act as a resistance level and the price will react to this level and fall to around the price of 102.500. Good luck.
As I expected, DXY broke the resistance lines , and now DXY is moving near the 🔴 resistance zone($103.80-$103.38) 🔴. 🌊According to Elliott wave theory , DXY completed 5 impulse waves at the resistance zone. 🔔I expect DXY to drop to at least the uptrend line in the next few hours. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰. Do...
DXY is in an ascending channel, making higher highs and higher closes. It broke through the consolidation zone and moved higher. If price pullbacks to the support level and the Fibo 50% level, the market will probably go up by grabbing liquidity below the recent low. We expect the trend to continue and retest the highs. ------------------- Share your opinion...
Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hi everyone👋. 💡The DXY Index is ready to break the resistance lines; one of the signs is Bullish Marubozu Candlestick Pattern . 🌊If we look at the DXY from the theory of Elliott waves , we will find that DXY is on the way to completing wave 5 (📚If DXY breaks the resistance lines, we can confirm the end of wave 4 📚). 🔔I expect DXY to break the...
Pair : DXY Index Description : Impulse Correction Completed " 123 " Impulsive Wave Fibonacci Level Symmetrical Triangle in Short Time Frame with the Breakout of Upper Trend Line Strong Resistance Level
Hello Traders In This Chart DXY HOURLY Forex Forecast By FOREX PLANET today DXY analysis 👆 🟢This Chart includes_ (DXY market update) 🟢What is The Next Opportunity on DXY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
DXY is in a bullish trend and broke and closed above the 102.000 level. Price action is trading in the ascending channel. If price pulls back to the support level, then we can look for buying opportunities. We expect the resistance to be tested. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Time to short DXY after touch upper line of the channel. DXY will weak. So, short all USD pairs. Good luck. Trade safe.