DXY dollar index trading in triangleDXY weekly chart. wave A completed at 99.57 wave B up in progress and triangle pattern is forming with contraction of range over a period of time. Wave B is time consuming and one should wait patiently for impulse down Wave Cby MDstockmagic5
DXY BULLISH FOR A WHILEI see DXY buying to raid the previous high and and liquidity sitting above it. Dollar might be strong against other pairs, after filling the imbalances below the current price. My Suggestion Though! Longby Heedar_Funds10
DXY Index FOMC predictionAs DXY goes higher, higher will be Inflation Risk! This MIGHT push DJI and NASDAQ down! Creating pressure in Indian Index for a day or 2by chirag_shewale7
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.Longby okako_trading3
Technical Analysis Update: DXY & Bitcoin Price Correlation Technical Analysis Update: DXY & Bitcoin Price Correlation DXY Overview: The US Dollar Index (DXY) is currently trading at a pivotal support level of $105. This level is crucial as it has played a major role in dictating the next moves for Bitcoin. Bitcoin Price Implications: If DXY Bounces: Should the DXY rebound from the $105 support level, we might see a bearish impact on Bitcoin, potentially driving BTC prices down towards the $50,000 mark. If DXY Breaks Down: Conversely, if the DXY fails to hold this support and breaks below $105, it could signal a bullish scenario for Bitcoin, with price targets possibly reaching up to $75,000. What to Watch: Traders should keep a close eye on the DXY's behavior at the $105 support. A confirmed bounce or breakdown will be pivotal in setting the next direction for BTC prices. Action Steps: - Monitor DXY closely for any signs of reversal or continuation patterns at the support level. - Prepare for potential volatility in BTC prices in response to DXY movements. Stay Tuned: Follow for more updates.Longby CryptoPatel2
DXY SellIt's Clear formation of rising channel to fall yet 4h Confirmation need before FallShortby Greenstone97Updated 6
U.S Dollar index technical analysis Dollar index range between 106.79 to 99.12 I predict for 3 time bottom line by zestshowoff6
DXY NEXT MOVE ( mild correction) (mid term)(22-04-2024)Go through the analysis carefully, and do trade accordingly. Current Price- 104.300 Anup 'BIAS for the Period (MID TERM) (22-04-2024)- If price stay above 105.000 then next target is 106.500 & 107.200 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 1142
DXYIt could move upwards to the white trend line 115 Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises. Longby Kilopapa3
DXY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.Longby okako_trading3
Bad times possibly ????Brent and Dollar near crucial weekly resistance. Any breakout could bring pain for Niftyby no-one-64
DXY NEXT MOVE ( mild correction) (mid term)(05-04-2024)Go through the analysis carefully, and do trade accordingly. Current Price- 104.300 Anup 'BIAS for the Period (MID TERM) (05-04-2024)- If price stay above 103.500 then next target is 104.500 & 105.500 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 4447
us dollar daily timeframe levels to look aheadCAPITALCOM:DXY is trading in midzone of current dail timeframe buy/sell zone, keep eye on box zones marked at current price level to get an idea about the next possible direction upwards for upside rally on daily timeframeby ajinkyadiwakar717114
DXY Technical Analysis - Dollar Index took out Liquidity from its previous swing high and reacted after grabbing Liquidity - Equal Interim highs are now made and the reaction is bearish as well - I expect the next two candles to be red or bearish and the price should continue to fall further, anticipating good numbers from the US it's going to be negative for USD and positive for Stocks/CryptoShortby VKtradesimbalance2
Wondering where the Dollar is headed next? He're is a hint. Analysis A five wave decline from 107.34, the high on Oct 03, 2023 to 100.62, the low on Dec 28, 2023. In Elliott terms, this impulse structure tells us that the movement at the next larger degree of trend is also downwards. Within this impulsive structure, wave (i) is a Leading Diagonal, wave (ii) is a Flat which neatly predicts a Zigzag wave (iv) by guideline of Alternation. Both waves (iii) and (v) are extensions. The impulsive decline holds well within the parallel trend channel as is often expected. A five wave move is always followed by a three wave corrective pullback or variation thereof, irregardless of degree; in this case, a rally wave ((ii)). To where? The Elliott wave guideline on the depth of corrective waves suggests that price action should ideally end within the span of travel of the previous fourth wave of one lesser degree. Second, the ensuing correction, wave (ii) is unfolding as a sharp Double Zigzag correction labelled (w)-(x)-(y) with waves (w) and (x) completed, wave (y) in progress. In ratio relationships, sharp corrections tend more frequently to retrace 61.8% of the previous wave particularly when they occur as wave (ii) of an Impulse or wave (b) in a larger Zigzag. Also, the actionary waves in a Double Zigzag correction namely waves (w) and (y) are often related by equality or Fibonacci (0.618) in time or amplitude. wave (y) = 0.618 X (w) at 104.87; this level falls neatly within the previous guidelines. Thus, the cluster of evidence suggest the rally is nearing its end and a reversal is onset; a third wave. Trade Plan 1) Conservative Approach Entry: Short at 104.879; the 0.618 retracement. Protective Stop: 107.34; in an Impulse wave (ii) CAN NEVER retrace more than 100% of wave (i). Target: 10.87 decline; in an impulse the third wave commonly travels 1.618 times the loss of the first, as in: wave ((i)) = -6.72 (100.62-107.34), wave ((iii))= 1.618 X (-6.72) equals (-10.87) Risk-Reward: 1:3 2) Aggressive Approach Requires price action to break below a recent swing low; wave b of a Zigzag, that will virtually suggest the rally has ended and a reversal was underway. Entry: Break below 103.89 Protective Stop: Recent swing high Targets: Below 100.62 Risk-Reward: Greater than 1:3 NOTE: Stay tuned to get follow-up adjustments to stops as we monitor the move through completion. Shortby Aquanet_Market_ForecastUpdated 3323
DXY with strong uptrend patternDXY with strong super cycle uptrend targeting 111.60Longby Osamah_Alssudmi3
DXY NEXT MOVE (Expecting a mild correction)(mid term)(27-03-2024Go through the analysis carefully, and do trade accordingly. Current Price- 104.300 Anup 'BIAS for the Period (MID TERM) (27-03-2024)- If price stay below 105.00 then next target is 103.800 & 103.400 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.Shortby AnupZiddi5538
DXY next week overview - !06.500 or !03.800 ???the upcoming week ahead bring alot of volatility have days with events and major ones Recap - the previous week was more based on sharp turns that has tested important level and broken important level but left behind some imbalance that given a strong sign or outperformance by DXY What to Expect - 104.300 the price breakout now the upside potential liquidity would be 105 and there after we have higher time frame (M, W) bearish order block but the price with big bars has left behind some fair value area which might holding some good liquidity to fuel if the price expect the upside momentum Key Area - keep eye on 103.700 > 103.400 > 102.850 conclusion try to buy with limit order on key area rather than going short by Jimmy_RebelloUpdated 1
E-WAVE updateE-Wave is a WXY pattern and we expect it to end before 107 . the triangle scenario is still an active scenario.Longby market-range1
DXYWeekly view Swing high Sweep is more Probability Daily View Weekly Swing High sweep and day ob. near that high Reaction in that area is crucialShortby CaptainIQ3
The DXY index is steadily and vigorously rising until the end ofCongratulations to everyone who bought the dip. Keep an eye on these opportunities and never assume that the volatility has passed, as well as the reason why you should DCA (Dollar-Cost Average) and never buy everything in a single frenzy. The market appears to be settling with the DXY, which has risen by 1% as of today and has been trending upwards since Thursday.Longby RoBotProTakeProPips334
DXY IS TAKING SUPPORTDXY and INTREST rate will be the deciding factor of indian markets' plus election result let's see what is going to happen but in near term market's will go down and will stabilize during election times . let's seeShortby Akash07kashyap112
DXY Upcoming MoveHey Guys, DXY is currently following one channel. If it bounces back, there will be a dump in most of the world's stock markets including Crypto market & If its breakdown the trendline then all markets will be going to the MOON...!! See chart for more understanding...!! Disclaimer: I am not financial Advisor; this is my opinion I am some guy on the Internet...!! Do your own research.by Earn_With_Ronak2