DXY to settle downDollar Index should cool down as per the lagging indicators and plus its around Resistance of Downward Trending channel.
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DXY trade ideas
dxy seems bearish well i not much of an dxy trader but still i found pattern so i wanted to share so in my opention and as per my analisis it pretty much seems bearish and even institutions are concentrating thir postion and i will enter only after structute break untill then i will wait and its for edu porpous only
Dollar Index (DXY) | Small correction♻️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 counting done in higher times, a leading trend is formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it would be a zigzag triple.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form, and from wave a, waves 1, 2, and 3 have ended, and now the beginning of wave 4 is confirmed by breaking the bottom of the orange channel.
Wave 4 will probably not be as deep as Wave 2 and will be moderately temporal.
According to the current structures, it is probable that wave 4 will end in a zigzag pattern around Fibo 0.38 to Fibo 0.50, or in other words, around the price of 94,000, and in the following we will examine the trend of the next movements.
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Is DXY preparing for down move?Watch out for these levels on monthly basis. If its not crossed expecting down move
DXY on Wave 5The U.S. Dollar Index is used to measure the value of the dollar against a basket of six world currencies—Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. The value of the index is a fair indication of the dollar's value in global markets.
DOLLAR INDEXThe Dollar index witnessed over throw or fake breakout from ascending parallel channel due to excess optimism but it is now back into the channel. Pattern wise, it seems to be forming distribution triangle. MACD is also going negative in daily time frame along with turning towards negative in weekly time frame. Once it breaks down lower side of Triangle then it could show more bearish-ness, One can go short on break down of support line of triangle with stop loss of upper line of triangle pattern.
Break below this triangle can be trigger point for short.
Fake Breakout of parallel channel or Over-Throw.
macd in weekly converging towards negative crossover
macd in daily already running in negative crossover and downtick along with increasing histogram
rsi in daily down tick and below 50 range
stochastic in daily also down tick and negative
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.
US Dollar Index Buy Setup foundUS Dollar Index Buy Setup found
accoring to elliott wave analysis,
market created elliote 1,2,3,and wlliott 4th wave is running and creating the triangle pattern, as i have discussed with you all.
i will be in buy as i analysed us index.
Best of luck
Traders Trusted Academy
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 counting wave we did, at higher times, a leading 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 identified in the count now, did not look like a leader, and we assumed it would be a zigzag triple.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a is still being completed, and from wave a, the end of wave 3 is unknown, and waves 4 and 5 are not formed in our view.
After 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.
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This time this Pole and flag In DXY what will do ?this time if pattern sustain than only look for opportunity .
please refer the chart .
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CORRECTION ON DXY * Falling relative strength on daily
* 2.618, 1.618 ABCD pattern
* 1.272 XABCD pattern
* ADX has consolidated below 20 level for more than a month now. Breakout above it is expected t confirm the move lower.
* Possible tgts of 93.400
* Hammer on monthly chart
* double top pattern on daily
* sell on rise DXY
* BUY EUR/USD
Bullish reversal ??? Doller index seems we are ready for some fireworks small support with Rsi on 1 hour Time frame Put Stop below black Line look for minimum 96.402 than trail the Stops most probably this time we hit 97
CRYPTO FAM LOOK DXY!!!!crypto family dxy is looking ready to drop just need to clear those demand zones
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!❤️
U.S dollar view Elliot wave analysisAccording to my idea U.S Dollar correction start 23 mar 2020 to 6 january 2021 down 5 wave. this show zig zag correction , rule of zig zag correction 0.62% not more than retractment price . be careful U.S dollar
Dollar Index in RageThe dollar index is rising continuously amid indicating tough calls for Indian economy and rising Inflation fears with Crude oil impacting the notional budget of the country. Check on the levels earmarked.
Xauusd reference only within dxyThis chart reference only, not for personal .,
This is comfortable trading with gold and inflation
Chart details in simple, mighty use your brain.
Goodluck of your brain not a luck
Dollar index DXYMy view is bearish on dollar and this is best bearish count to my mind.
61% retrace of whole decline of fall from 101 to 89 is almost achieved.
Even if dollar has to rise more to 78.6% retrace or complete 100% retrace to form a triangle , then also it has to provide a second X wave and then it may rise again for a final Z wave on upside before a larger decline back to 89 may start.
DXY Trading Plan - 23/Nov/2021Hello Traders,
Hope you all are doing good!!
I expect DXY to go DOWN after finishing this ending structure.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
