SDX1! trade ideas
Elliott Wave View: Dollar Index Ending 5 WavesShort-term Elliott wave view in Dollar Index (DXY) suggests the decline from August 20 high is in progress as a 5 waves impulse Elliott Wave structure. Down from August 20 high, wave ((i)) ended at 92.80 and rally in wave ((ii)) ended at 93.18. Internal subdivision of wave ((ii)) unfolded as a zigzag. Wave (a) ended at 93.13, wave (b) ended at 92.93, and wave (c) ended at 93.18. The Index resumes lower in wave ((iii)) towards 92.4 in 5 waves of lesser degree. Down from wave ((ii)), wave (i) ended at 92.6 and rally in wave (ii) ended at 92.78. Index then resumes lower in wave (iii) towards 92.46, rally in wave (iv) ended at 92.55, and final leg lower wave (v) ended at 92.4.
Rally in wave ((iv)) ended at 92.78 and the Index has resumed lower. Down from wave ((iv)), wave (i) ended at 92.37 and rally in wave (ii) ended at 92.53. Expect wave (iii) to end soon, and the Index should rally in wave (iv) before turning lower again. Near term, as far as pivot at 92.78 high remains intact, expect rally to fail in 3, 7, or 11 swing for further downside.
more downside for the dollarThe dollar is falling from its rising wedge. with delta variant fears and NFP tomorrow this is a critical time for the dxy... bad news tomorrow maybe the catalyst for the dollar to go to its technical target.
time will tell
DX - Whom DO You TRUSTGlobally, our nation has appeared as a Fruit Basket for some time to G7/G20
Members.
Afghanistan is simply a reminder.
A war which has waged on since forever...
Initially, we covertly funded Rebels against the Soviet incursions.
I've been the Soviet War Museum in Volgograd. It's as depressing as it gets
for Russians who fought their version of Nam.
Stingers to Hinds... death littered the landscape.
After Trillions of Dollars spent in this region, and hundreds of Billions in
Weapons left behind... our Tax Dollars spent are clearly coming into
question and it is a welcome discussion.
Wasted.
It's as though, Benghazi has re-appeared once again to re-arm the enemy
or so it would appear.
The Pullout, by most metrics was handled, poorly.
Our former partners around the Globe are reluctant to respond any longer.
They have watched for years... the United States devolve into a parasitic
Kleptocracy and "they" want no part of it.
The Deck Chairs began the collective re-arrangement some time ago.
And now, here we are... on the cliff's edge.
We are no longer "Trusted" to do the proper, correct and moral effort(s).
This continues to unfold as the DX accident approaches.
The Chart illustrates where the DX is heading shorter term, it's what follows
that should be of concern,
$USD FORECAST USDx works on the 30 degrees cycle quite well. Note the dates marked on the chart.
As on Aug 31, it bounced off the support level at 92.40 which happened to be the resistance on June 18. Incidentally92.40 is also the 0.33 retracement level.
I am expecting to see USD heading higher from here. Where will see gold if USD heads higher? my view is still bearish for gold.
Let's see where we go from here.
Signs of fallI think this is a fake break
The Chondels announce
the start of a powerful fallout.
By failing and retesting again
The pattern forms the head and shoulders
Divergence in weekly TIME
This is just a personal analysis please do not make any final decision on this analysis
DXY short post CPIdxy is topping with a double top formation. the cpi is more of the same (higher). however, Dr JPOW has only one mandate and that is keep his job and be re-appointed. therefore, he wont do anything but be a dove.
Elliott Wave View: Dollar Index (DXY) Further Strength ExpectedShort Term Elliott Wave view in Dollar Index (DXY) suggests that the rally from May 26, 2021 low is unfolding as a zigzag Elliott Wave structure. Up from May 26, wave (A) ended at 93.19 and pullback in wave (B) ended at 91.78. Wave (C) is currently in progress as a 5 waves impulse but the Index still needs to break above wave (A) at 93.19 to confirm.
Up from wave (B), wave ((i)) ended at 92.2 and pullback in wave ((ii)) ended at 91.81. Index then resumes higher again in wave ((iii)). Up from wave ((ii)) low, wave (i) ended at 92.35 and pullback in wave (ii) ended at 92.1. Wave (iii) ended at 92.92, wave (iv) ended at 92.71, and wave (v) of ((iii)) is expected to end soon. Index should then pullback in wave ((iv)) before turning higher 1 more time in wave ((v)). This should complete wave 1 in higher degree. Afterwards, expect the Index to pullback in wave 2 to correct cycle from July 30 low before it resumes higher. Near term, as far as pivot at 91.78 low remains intact, expect dips to find support in 3, 7, or 11 swing for further upside.
Dollar Index - Cup & Handle ProjectionA bullish cup & handle / double bottom projection will be completed upon price breakup of the 93.2 region.
Cup & handle projected target in the 97 region, coinciding with VPVR resistance zone (shaded red).
Happy trading!
Dollar looking for excuses to fallWe are at a point where most likely the dollar will fall with a ready token
look at the chart and follow the signs
start fallaccording to the forecast of the fall . This has begun. Previous channel failure and trend entry into the downtrend channel
~INSIDE A WEEKLY/MONTHLY WEDGE~ALERT SET AT 94 CENT FOR POSSIBLE REVERSAL FOR A RETEST OFF THE LAST GREEN DEMAND ZONE(LOOK LEFT)!
CURRENTLY BULLISH CANDLE IN CONSOLIDATION!
DXY gains strength, but will it blendThe immediate downtrend is broken, but on the longer term chart there are some significant headwinds are also appearant in the short/medium term at the 93 area
another look to dollar Sometimes simply a few indicators and a few oscillators can be easily detected for the process
The market always surprises you. Be careful no analytical is 100%
Dollars in the sensitive areaI see the dollar trend bearish in the long run . But now it's in a very sensitive area where breaking the resistance or the back will cause a sharp movement Be ready for a great profit after stabilizing the trend direction
sell dollars buy gold.The Candles show the dollar's high willingness to fall after the failure of our support we see a rapid fall at 90.65, of course the market will always surprise you this is just a simple analysis please do not take any action without your checkouts
