Dear Traders, Distribution phase successfully occured on the DXY and sellers are looking for a strong final push down so that it can reach a potential buying zone for investors as keeping the new year in the mind. DXY is likely to keep dropping until the new year begins, however, there will be small retracement but overall price of DXY remain bearish for this month.
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and Corrective Waves " ab " at Daily Demand Zone or Fibonacci Level - 61.80%. It has completed the Retracement for Break of Structure. Bullish Channel in Short Time Frame Entry Precaution : Wait until Resistance React as Support
While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of...
Pair : DXY Index Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 12 " Impulsive Waves and its " 3rd " Impulsive Wave will be Completed at Daily Demand Zone or Fibonacci Level - 61.80% Entry Precautions : Wait for the Proper Rejection
Pair : DXY INDEX Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves will be Completed at Fibonacci Level - 50.00% / 61.80%. It has completed the Break of Structure and Retracement at Daily Demand Zone Entry Precautions : Wait for the Proper Rejection
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and " A " Corrective Wave at Fibonacci Level - 38.20%. Bearish Channel as an Corrective Pattern in Short Time Frame with the Rejection from the Upper Trend Line it will reach Lower Trend Line / Demand Zone to complete its " z " Wave Entry Precautions : Wait for the Breakout / Rejection
Pair : DXY Index Description : Completed Impulse and HH - HL , Rising Wedge as an Corrective Pattern for Trend Reversal it will Follow LL - LH until it completed the Retracement for the Wedge and Break of structure. Demand Zone at Fibonacci Level 38.20% can React as strong Support Entry Precaution : Wait until it Rejects with Strong Price Action
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!
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and " A " Corrective Wave , It will Complete its " B " Corrective Wave at Daily S / R Level. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retest Entry Precautions : Wait until it Completed Reject the Falling Wedge or S / R Level
Pair : DXY Index Description : Completed the Breakout of the Daily Descending Trend Line But it hasn't Completed the Retracement. Making Corrective Wave " B " in LTF and STF. Break of Structure , Broke and Retraced Previous Resistance. Divergence - RSI Entry Precaution : Israel / Palestine War is affecting the Market , It is unstable so be careful and Use...
The US dollar index may decline again to 105.500. However, before it drops, it could have another upward movement (Towards the red zone), and then continue its downward trend towards our target levels. Our targets are: 105.5, 104.5, and 103.5.
As you can see in chart DXY filled the gap and GBPUSDT at daily demand there is big chance DXY should and also created SMT which you can find below.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Impulsive Waves " 12345 " and Corrective Wave " A " Completed. We have Break of Structure with the Retracement , It can Reject from Fibonacci Level - 50.00 / 61.80%. Bearish Channel in Short Time Frame it will Complete its Retracement and will Complete its " B " Corrective Wave Entry Precautions : Because of...
Pair : DXY Index Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Breakout of the Upper Trend Line and Retracement. Completed " 12345 " Impulsive Waves and " A " Corrective Wave. We have Strong Divergence and Break of Structure Entry Precautions : Don't Enter until its Rejects from Previous Support or Complete its Retracement
Hi Everyone The DXY is the back bone for all the investments including crypto The DXY and the USDT domination is showing weakness confirmed by mathematical modules and analysis, I expect a rise for all major markets (Commodity, stock and crypto) I hope you Enjoy the ride Good luck Everyone
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
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
DXY looks bearish for me TVC:DXY looking weak with rejection off the 50D SMA Short the dollar, long everything else. If we get this pullback its for usdxxx longs/xxxusd shorts Favorite for shorts = GBPUSD Favorite for longs = USDCAD