By Neo Wave in this downtrend i count a "Xwave" happened already, there can be only one more and looks a triangle to me, do not know the size of it but if in the few weeks ahead this start consolidating and not falling under the previous bottom we can assume Dollar has bottomed and ready to be strong again.
DXY (US Dollar) Showing 5 swings impulse Elliott wave sequence lower from the 3/08/2023 high, which ended at $101.415 low on 4/05/2023. Above there, it favors a corrective bounce in 3, 7 or 11 swings before downside resumes. DXY proposed ended (B) at $105.883 high on 3/08/2023. Below there, it placed ((i)) at $103.484 low & ((ii)) at $105.103 high. ((ii)) was...
GOOD NEWS for stock holders and the reason for the pump in gold usdx has just taken a big dive down from the major breakout levels so there should not be any more panic for stocks for now till usdx is trading below the former breakout levels and now the big resistance will update on down targets later
$GBPUSD broke above previous peak on 1.23.2023 high at 1.2448 and now shows a bullish sequence from 9.26.2022 low. Cycle from 3.8.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 3.8.2023 low, wave (i) ended at 1.2204 and pullback in wave (ii) ended at 1.2009. Pair extends higher in wave (iii) towards 1.2344, and dips in wave...
usdx going to long 3 pattern drive see at suppor to start long
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As we shown on the daily chart, we expect 1(one) wave ((5)) movement in the next months to around 118. So the biggest odds are higher. If Dollar(USDX) breaks the last low wave ((4)), a double correction will take place. In this moment, the Right Side of H1 and H4 is turning up. We need more data to see a clear definition in USDX next movements.
USDX, DXY is in a correction, at the support zone 101.10, a potential rebound is expected. Wait to buy the red zone, target 102.25, 103.40 and 104.36. >> GooD Luck 😊
Here is my view for USDX on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Some big shot baby boomers won’t be able to accept this fact and let it happen. Then in the end, we will see an epic crash in stock markets. I am expecting the DXY to skyrocket after the FOMC meeting.
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104.4 if usdx starts trading above it next stop and fast move till 105.93 is expected which will be pain for gold and equity
The DXY on the 1 Day has set itself up a Piercing Line Reversal pattern while on the 2 day it has settled at the 200 SMA while showing Bullish Divergence on the MACD. If this plays out, it could go for an ABCD move upwards between the .618 and .786 Retraces. This could especially be a good time to enter AUDUSD shorts.
USDx may retrace to the area of 109 Or before retracing there anytime it can break the short term trend towards 100.
hey everyone dxy is breaking the resistance around 104-105 20ma crossing 50ma - could test 200ma its a starting of uptrend price rsi/macd showing bullish divergences with all the usd new coming this week chances are USD price can rise for weekly chart the price target is 119-120 good luck
and its likely to continue for now as the usdx strengthens it is a negative for gold stocks and silver so the pain has just begun and going pain more at the top of usdx
usdx has made a sharp bottom in my opinion it has completed an impulse move and now a corrective move in a down trend it can go up to the retracement levels marked on the chart however it has to be remembered that this is a corrective move only not a start of an uptrend or any impulse move so have to plan accordingly 101.5 on the downside is a key level until it...
USDX is in an uptrend. If the price remains above the level of 103.29, it is possible that it will test the resistance of 105.15 in this zone if it fails to break through. In the short term there is a chance that the price will fall. Wait to sell the red zone, the first target is 103.294 >> GooD Luck 😊