Early sign as DXY index breakdowns from rising wedge on hourly chart. More confirmation after breakdown from marked level. Also we can see negative divergence on Hourly Chart.
Dollar index is at crucial levels, Further data of economies will impact on either side. consolidating in compact range.
Hello 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))...
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...
made xabcd pattern abv 102.25 looks fire 103--104+++ if this happen gold may be cresh soon till 1980-65$ yes very crucial lvl for gold silver crude
We might see a little non sustainable upside as we are at the support area.
If the dollar breaks the weekly support, EUROUSD will be very bulish in the near future as it has already broken weekly suply zone. #EURUSD #DXY #GBPUSD #Dollar #Forex #Currency
As we can clearly see a bear flag pattern in 2 hr time frame .Here we will get the good trade in the terms of risk and reward in both the directions just after the breakout or Breakdown of the consolidation phase in either direction. I am more confident towards the shorting side as compared to the long side just because of the short term negative sentiments of the...
dxy monthly and weekly looks bearish, indicating an end to a 16 months up-trending chart. This could mean a great year for cryptocurrency and /usd pairs ( posted a swing gu chart analysis earlier ) i'll be taking most trades in confluence with my macro bias for dxy hence mostly playing longs on crypto and /usd pairs in forex from now unless my idea (as pictured)...
US Dollar MOst Probable MOve US Dollar MOst Probable MOve
DXY is in a large expanding megaphone pattern. If it holds true, top out and some relief comes in around 114 ( BLUE BOX )
TVC:DXY has taken weekly support which is strong and is in parallel channel, it can give a parallel channel breakout and reach first target zone in coming week or 2.
not sustaining above 114.. lets C right now in Bearish Territory Important levels marked for next week. Like... Share... Follow...
Beautiful breakout above 92 as shown the related chart below... right now in bullish territory... Important levels marked for next week. Like... Share... Follow...
The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE). The index is currently calculated by...
Beautiful uptrend.. So what next... Some retracement and continue the journey upward... ? Important levels marked... Follow for more updates Do like and share this idea with your trading collegues / friends.
Dollar index has been rising form 96 levels onwards. in all likelyhood to touch 112.5+++ levels soon. resistance and channel marked...
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