DXY Breakdown Dollar Index $DXY breaking down inverse head and shoulder and a support resistance polarity level (105 trendline marked)
Inverse effect already visible in $Gold and $Silver
DX.F trade ideas
DOLLAR INDEX VIEW Hi Friends,
Seems dollar can give up move towards the level of 107.70 after break the level of 107.70 it can touch the level of 108.50 which will be resting the level of previous breakdown.
Dollar chart looking to make double bottom pattern. If dollar strong then it can impact negatively Indian indices nifty and bank nifty.
Let's see
Short, Target 104.45 on Monday Short, Target 104.45 on Monday
Short, Target 104.45 on Monday .........................
Dollar Index possible Elliot wave counts and correlation NiftyHello friends, here we have tried Education purposely to share possible Elliott wave counts of DXY dollar index from weekly to hourly, and also discussed about possible correlation with world indices.
Weekly possible wave counts
Daily possible wave counts
4 hourly possible wave counts
1 hourly possible wave counts
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DXY ANALYSISDXY is returning to retest a significant resistance after breaking it as a support (which also acted as the neckline for cup and handle). If the support holds, there might not be a halt until 121.331. Everything said is nullified if it brakes the 105-103 range.
dxyDxy should fall to test 104-102. Only close abv 111 will start fresh upward journey. Negative divergence is visible on RSI.
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$DXY Power of Three 109-111$Dxy H4 Possible To Power Of Three One Push Down 105 After That Expected Till 109-111
DXY BEARISH REVERSALTVC:DXY Finally confirms it's Bearish Reversal
By Breaking down the prolong Uptrend. Now we can expect long term downtrend in DOLLAR to Resume.
It's Highly Bullish for Stocks, Commodities, Precious Metals, Paired Currencies and Cryptocurrencies.
WHERE IS DXY GOING? DXY is in a range at the moment and the candle formation in D1 TF shows a bearish continuation not a retracement and pullback in weekly and monthly TF. Price broke 110.000 zone which mean price have to test 100.000 zone being a significant zone for banks.
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U.S Dollar currency Index U.S Dollar currency Index tested our target level 111. I was predicted this on 13 may 2022 post.
It is working in parallels channel and currently trading at upper line resistance. it may correct soon.
Negative Divergence also seen on daily and weekly chart.
usdinrusd is going weaker this time, usd can run in this path as tripple top has done here and an upcoming head and shoulder will creat.
HARMONIC DEEP CARB PATTERNDXY completed Harmonic DEEP CARB Pattern So Its Possible To Go Around FIB 38.2%, 50%, 0R 61.8%
DXY INDEX cmp 106.83Multiple harmonic pattern matures around same support levels.
106-105 might act as strong support zone for this fall,,
from where reversal can be seen
view gets violated below 103.7 on daily closing basis
upside Dxy might give upmove to levels of 109-111-113
SELL DXYDollar dominates the whole market
We clearly see that DXY should start to fall from 114.0 to 109.0
Current Market Price is 113.45
This indicates that eurusd, gbpusd, audusd, nzdusd should go up
Be ready to book good profit in coming weeks
Sell DXY from 113.50 to 114.0
Stop Loss = 115.20
Take Profit = 109.0 - 108.0
DXYDXY Very strong for weekly basis AS clear for long side upside target possible for 118.500 if DXY Sustain above 113.920 after clear for upside stoploss 109.100 Risky trader now create position for long side.
DXY Long 112.500As per h4 DXY $ Forming Invert Head & Solder Pattern CPI also today let's wait for Action....
