Dollar Index (DXY): Multiple Time Frame Analysis & Trading Plan
Top-down analysis for DXY.
Price action analysis.
Important key levels.
Directional bias.
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The bear market is the second scenario, at least so farHello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want t
CORRELATION BETWEEN DOLLAR INDEX & BTC: DXY vs BTCHistorically it looks like there is a correlation between the dollar index and BTC. Something to consider in the macroeconomic view. The best time to potentially sell BTC in the next bull rush is when the dollar index is in the 90-93.5 Range.
BINANCE:BTCUSD
BINANCE:BTCUSDT
INDEX:DXY
T
Could the DXY break the channel?7th December 2023
DXY: Retracing, could test 103.80 (consolidate), bounce to test 104.25, with resistance at 104.55 (Alternate scenario, break channel and trade down to 103.55)
NZDUSD: Sell 0.6110 SL 20 TP 60 (hesitation at 0.6085)
AUDUSD: Buy 0.6610 SL 25 TP 60
USDJPY: look for retracement, S
Levels discussed on 6th December Livestream6th December 2023
DXY: Consolidate along 104 resistance, break to upside, test 104.25, with resistance at 104.55
NZDUSD: Do nothing (middle of support & resistance level)
AUDUSD: Sell 0.6575 SL 20 TP 50
USDJPY: Sell 146.70 SL 20 TP 60
GBPUSD: Sell 1.2575 SL 20 TP 50 (possible straddle)
EURU
DXY Index is Ready to Break the 🔴Resistance zones🔴✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month .
💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴.
U.S.Do
DXY Short againResistance becomes support. Backtest at the 618 fib then we go down again. From the 1.618 we could get some wave up to the downtrend line.
MTR potential in DXY...DXY will goes down after touch middle line of its channel.
NO selling pressure yet, bet it can be because of ADP or Non farm payroll.
Trade safe.
DXY - Stage ( Weekly bias )Everywhere and nowhere.
Dive into the compelling narrative of a bullish DXY chart on the weekly time-frame. The charts unveil a story of strength and resilience, echoing an unwavering confidence in our analysis.
As we decode patterns and trends, it becomes clear that opportunities abound in the up
expecting wedneysday to be the high of the week wednesday most likly to push price higher into the weekly fvg that will set a reversla as it is most likely to be the high of the week looking to trade the NY session that will be a reversal session
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