Pair : DXY Index Description : According to Elliot Waves it has completed Impulsive Waves " 12345 " and " AB " Corrective Waves. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Break of Structure with Retracement and Divergence
The dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response. With the breakout from consolidation, I anticipate clearer price action. I will be...
Weekly : The price has been break through the W-SIBI, so now we can anticipate the price will go for hunting the W-BSL 104.263. Weekly Bias: Bulish Daily : The price has been closed the D-SIBI-CE but it didn't able to close above the D-SIBI, So we can anticipate that there will be slightly pull back towards the 108.859 level then it will move towards its...
DXY Technical Analysis and Trade Idea. The DXY is currently range bound, the higher time frame is bearish i'm looking for a break of the current range and a possible trade opportunity if it sets up. As always, everything explained in the video in detail and this not to be construed as financial advice.
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves at Daily Demand Zone. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement.
After a big surprise bar at top, loss of momentum can push DXY lower to pullback to midline of the channel. Trade safe. Good luck.
DXY Downtrend The 6 month candle chart suggests we could be in for at least two red quarters which would suggesting positive markets..... which seems contradictory to the current sentiment BUT not the current charts (S&P, NASDAQ,etc). The weekly chart currently shows the critical resistance at $1.00 and we appear to be heading straight for it. I genuinely...
As the dollar has been consolidating in the past week, opportunities near the current price are limited. However, my nearest Point of Interest (POI) is a supply zone on the 14-hour chart. I am looking to capitalize on this by selling to continue the bearish trend observed in the dollar index. I'll be patiently waiting for a breakout from this range, aiming to fill...
Introduction: In this revised analysis of the DXY, we explore a multi-layered Elliott Wave structure comprising three main waves – blue, orange, and red – and examine their interactions within different corrective channels. This analysis also considers historical economic events and current global shifts to project potential future movements of the DXY. Wave...
The DXY has exhibited a prolonged period of consolidation, while the higher time frame reveals a robust downtrend. In the video analysis, we observe notable price action, identifying a triple top with a spike above, potentially indicative of a stop run, suggesting the likelihood of continued downward movement. Additionally, the video explores the prospect of a...
Upon analyzing the price action, it is evident that DXY has found support on a trendline that began from its breakout phase. This indicates that there is a possibility of the US Dollar gaining strength today, which may lead to higher points in the coming days. However, this could have a negative impact on commodities and the market in general, as it could result...
In this video, we take a close look at the Dollar Index (DXY) on higher timeframes to assess the prevailing bullish momentum and its potential implications for traders. We'll delve into market structure, price action, and explore a potential trade setup. Important Disclaimer: The information presented here is for educational purposes only and should not be...
DXY started a recovery from 100.257 from the heavy decline due to the pause in the interest rate hikes back in December 13th, 2023. The index started to recover from 28th December and to 102.723 due to the positive news from the last Friday NFP fundamentals. Price was quickly knocked down by the negative news on the ISMs late Friday. DXY January candle has done a...
HELLO TRADERS As i can see DXY has done a retrace after a drop and now its a new entry for more sells as we had predicted in our previous analsysis incoming Friday NFP.... its just an trade idea share ur thoughts with us it will help all of us traders community
👋Hi everyone (Reading time less than 3 minutes⏰) . 📚One of the most important Indices that we should have an analysis of is the DXY index because it has a direct impact on the Forex , Cryptocurrency , and stock and etc markets. So, in this post, I'm going to show you the 🗺️ Roadmap 🗺️ for DXY until at least the End of 2023 and Early 2024 . 💡I used the ...
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line. Rejecting from Daily Resistance and Fibonacci Level - 78.60%
The DXY forecast remains bearish in my view; however, there is a notable strong bullish retracement occurring. I perceive this retracement as temporary, as the price is retracing back to a premium supply level. I anticipate a distribution to take place in either the 1-hour supply zone I've identified or... Alternatively, if the price continues to climb higher,...
Hello traders, we want to check the DXY chart. The price is moving in a descending channel and has pulled back to the indicated key level. If the price cannot break this level and this level plays the role of a resistance level, we expect the price to maintain its downward trend and the price will fall to around 100,700. Good luck.