Dxyindex
DXYWe see the breaking of the trend line with a higher slope, due to the breaking of the 102.2491 range
It can be expected to be touched around the second trend line with a lower slope.
1-102.7198
2-102.2491
3-101.3775
Objectives based on pivot points:
1-104.7767
2-105.3868
3-106.1712
It is not necessary to touch all the targets.
If you have the confirmation for the negative divergence and the above candle, you can get the confirmation of entering the upward trend from the bottom time.
DXY ( Dollar Index)During Friday's New York session, on the 4h TF, there was a strong bearish candle. Mostly, on the 4H TF, whenever there's a strong bearish/ bullish candle. price will re-visit where it once started which is 104.200.
Eyes on the 50 ema which might cut price bearish move at 103.19-18, for a bull run into 104.2
Eyes on the FOMC on Wednesday
#DXY
DXY INDEX Next Move Before CPI Pair : DXY Index
Description :
Bearish Channel as a Corrective Pattern and Rejecting from the Upper Trend Line #UTL
Double Top Pattern in Short Term
RSI Divergence
EMAs Crossing Each other and Indicating us the Sell in Short Time Frame
Break of Structure and Making its Retracement
Completed " 13245 " Impulsive Wave and Making " a " Corrective Wave
#DXYCurrently, we are in the process of completing a correction space, there are three areas:
1-103.037
2-102,863
3-102.719
It was based on a combination of percentages of fibrizing waves with pivot points. The range of 102.719 is located in the vicinity of the static support range of 102.634 and provides suitable conditions for the upward trend.
In case of failure of 102.634 support, we can finally estimate the completion of an ABCD pattern according to the current conditions.
(There is no certainty that all targets will be touched.)
DXY Weekly and where nextAs you can see, DXY PA was pulled down by the Blue Fib Circle, as it has been often before but we need to come back and look at DXY closely again now.
On Lower time frames, MACD is approaching over bought, as is the Stoch RSI but what we Really nee to pay attention to is the fact that the Weekly MACD is now turning Bullish and not only that, so is the Stoch RSI
Added tot hat is the simple fact that DXY has broken through the reistsance that pulled it down previously
It should be remembered that a weekly chart can take time to play out but that change has begun
For me, We may find DXY back towards 110 - 114 in time - March will be very important..
Dollar Index Chart Analysis....
In this situation DXY chart create Bullish Flag Pattern.So,If breakout @103.777
resistance level, then market Buy UP to 103:999 ; @ 104.720 and 105:600 resistance level.
Then market need seems sell correction to nearest Support 104.950 level.
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