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Dxyanalysis

U.S.Dollar Index possible Elliott wave counts of DXYHello Friends, Here we have shared possible Elliott wave counts plotted on chart of U.S. Dollar Index - DXY on daily time frame, which clearly indicates that after top of September 2022 we are in corrective phase as per Elliott wave structures, and as per wave counts we can see that we had completed wave ((3)) and now possibly we are in second half of wave ((4)) in which we had completed wave (A)-(B) and currently we are unfolding wave (C), in wave (C) we should have five subdivisions and we had completed wave 1 and now we are in wave 2 which is contra trend, we are assuming again a reversal signals to start again journey towards south direction as a wave 3-4-& 5, to complete wave (C) of bigger degree wave ((4)). Overall it's looking very good candidate to go short on rise along with invalidation levels of 105.883, because as per wave principles wave 2 will never retraces more than 100% of wave 1. My studies are for educational purpose only, Please Consult your financial advisor before trading or investing, I am not responsible for any kinds of your profits and your losses. Thanks 💕 Price below mass psychological cloud level (Bearish Bias on daily) Daily MACD positive, but below resistance and zero line Weekly MACD negative Monthly MACD negative Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:DXYShort
by RK_Chaarts
IS DOLLAR (DXY) ABOUT TO CRASH?? | WEEKLY DOLLAR UPDATE DXY or the Dollar Index, the index to measure the strength of Dollar is considered to be the king of all charts, as most of the financial instruments are very much correlated to the DXY. Not just forex markets but stocks, cryptos and even commodities are correlated to the Dollar. If DXY Falls-> Cryptos, Stocks, Commodities, Precious Metals and some Forex pairs like EUR/USD, GBP/USD, AUD/USD, NZD/USD rises. However, pairs like USD/CHF, USD/JPY and USD/CAD falls. Similarly, If DXY Rises-> Cryptos, Stocks, Commodities and some Forex pairs like EUR/USD, GBP/USD, AUD/USD, NZD/USD falls. However, pairs like USD/CHF, USD/JPY and USD/CAD rises. So it becomes very important for any trader either Technical, Or Fundamental to keep a close eye on the DXY. If DXY is in uptrend, the above mentioned instruments may be in downtrend. Conversely, if DXY is in downtrend, others may be in uptrend. This is a general observation and not an exact rule to be followed. Exceptions are always there as Financial Markets are impacted by a number of factors. I will be posting a detailed post about why DXY is so important for any trader, so keep following. BELOW IS THE ANALYSIS WEEKLY ANALYSIS Weekly support range= 101.6-100.8 On WEEKLY TIMEFRAME ,price is sitting at support area. Untill and unless the support is not broken, there are chances that price might reverse and bounce from support. However, if weekly price closes below the support, that can lead to a further long term downtrend in Dollar. Also, price action is forming a HEAD AND SHOULDER PATTERN, which is typically a bearish reversal pattern. Once, weekly candle closes below the support range, the pattern is completed and activated. That may signify a long term downtrend in Dollar which means long term uptrend in STOCKS, CRYPTOS , PRECIOUS METALS, and some FOREXpairs. However, further confirmations are also required and just one weekly candle closing below the support is not enough. DAILY ANALYSIS The price is making continuous LOWER HIGHS to the support signifying that any bounce from the support is not strong enough and is hence rejected by sellers. Lower highs into the support area is considered to be Bearish and increases the probability of breakdown of support. However, since the price is sitting at the confluence of Daily plus Weekly support, a daily close would not be sufficient and a weekly close is required. On the flip side, we cannot ignore that price is at Support and may bounce from here as well. If price bounces and make a HIGHER HIGH, then chances of breakdown of support will get drastically low and infact a new uptrend may begin in DXY or the Dollar index (but after some further confirmations) CONCLUSION 1. If Daily plus weekly candle closes below 100.8- BEARISH 2. If Daily candle closes above 102.5, that would mark a Higher High and an uptrend may begin- BULLISH 3. As long as price is trading between 100.8-102.5- SIDEWAYS/NEUTRAL Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE
TVC:DXY
by rohitkukreja
Correlations between Nifty and DXY studyHello Friends, here we had shared just an observation on correlation between NIFTY and DXY which are clearly showing opposite directional runs from last couple of months, also we are assuming the wave counts on both, which are suggesting same patterns ahead along with good support by this correlation, this increases good chances of winning probabilities of our forecasting and analysis, this whole scenario helps in view building and analyzing charts. I'll mention that this is for educational purpose only, and this is not for trading purpose . Thanks Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:NIFTYEducation
by RK_Chaarts
23
Dollar Index (DXY) | Analysis of the dollar index for 2022🔥Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that was performed at higher times, a progressive trend was formed and from this trend, waves 4 and 5 remain. Wave 4 was originally intended as a flat, but wave c , which we have now identified in the count, does not resemble a leader, and we assumed that it would be a triple zigzag . So the count has changed to a triangle, and from this triangle the waves a , b and c are complete, and now we are inside wave d . From wave d , wave a is still forming. And from wave a the end of wave 3 is unknown and waves 4 and 5 are not formed in our view. At the end of wave a , wave b forms a sideways trend that is long in time, after which wave c moves to the size of wave a and is ready to start wave e on the upper side of the triangle. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DXYShort
by mahdisoltaninjad
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... DXY reached target 1 which I set from where it rejected to the resistance area of 92600 from here I expect a small retreat and then I will continue BUY to target 2 and complete W THIS WEEK...this week I will draw a parallel between the 1 week chart and the 1 month chart because the month has just ended and I would like to know what to expect ... Exactly as I said ... DXY has passed target 1 and is heading towards target 2 which complete W,from where it will have a strong rejection to the 93,500 area and from there even to 91,900 ... from where the ascent begins again ... NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ...as I said in the last analysis made on July 4, DXY reached target 1 which I set from where it rejected to the resistance area of 92600 from here I expect a small retreat and then I will continue BUY to target 2 and complete W THIS WEEK....exactly as I said ... DXY has passed target 1 and is heading towards target 2 which complete W NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
2
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected! in the next period I will continue to look for BUY until area 93400-94 THIS WEEK....as I said in the last analysis made on July 4, DXY reached target 1 which I set from where it rejected to the resistance area of 92600 from here I expect a small retreat and then I will continue BUY to target 2 and complete W NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618! in the next period DXY is in a very difficult area and I will look for BUY if it closes even for a day over Fibonacci 618 to Fibonacci 786 and I will look for SELL again for a possible closing below 9130! anyway ... closing for a month is decisive but I will bet more on BUY because W's formed on the 1 month chart! THIS WEEK...as I said last week ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected! in the next period I will continue to look for BUY until area 93400-94 but a closure even for 1 day under Fibonacci 618 (91941) forces me to think again about SELLpana in area 91480 or even below .... NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
1
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze! THIS WEEK...as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618! in the next period DXY is in a very difficult area and I will look for BUY if it closes even for a day over Fibonacci 618 to Fibonacci 786 and I will look for SELL again for a possible closing below 9130! anyway ... closing for a month is decisive but I will bet more on BUY because W's formed on the 1 month chart! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... as I was saying last week ... DXY has stopped falling and is starting to form support in this area and form W! If the next weekly candle will still be green then I will look for BUY around 92,600 or even higher ... THIS WEEK...exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS