DXY Analysis if we get a daily close above 104.700, then the next target can be 105.700. The other possibility is it rejects from current resistance level and continue the downtrend on higher timeframe.
DXY trade ideas
dxy analysistargets green
entry point blue
sl red
..RRR 1:2 , 1:4
Considering the ABC correction wave in DXY, a potential short opportunity arises during the B-wave's rebound. This setup offers an attractive risk-reward ratio, targeting the expected C-wave decline. Caution: Monitor closely for any sudden changes.
dxy analysis #DXY
1)The Index is trading above june 8 levels
2) yesterday, it broke and closed above 103.60 which was acting as a strong hurdle closing basis
3)The counter is trading with upward sloping trendline
4) 104.85-105 is nearest ideal testing level now
DXY FORMING BEARISH SHARK DXY taking retest on imp trend line which is going to make 107 target then will start bleeding to 99 level where is major support,
DXY Levels to watchIf Price Breakdown the trend-line support then next support is at this zone also if price breakdown from this trend-line then we can see some pullback/correction of price on gold
DXY Analysis: Seizing Opportunity on the Next Correction Wave (
📈🌐 In this comprehensive DXY analysis, we delve into the intricacies of the recent price action, focusing on the aftermath of waves 1-2-3-4-5 and the promising prospects of the impending correction wave. Discover how to ride the waves of opportunity for clean profits as we set our sights on Wave ABC!
🔍 Key Points:
Wave-by-Wave Breakdown: We break down the recent DXY price movements, examining the five-wave pattern (12345) that has unfolded so far. Gain insights into the characteristics of each wave, understanding the broader trend and where we currently stand.
Correction Wave Dynamics: Explore the concept of corrective waves and their significance in market analysis. Dive deep into the potential scenarios for the forthcoming Wave ABC, identifying possible price levels, patterns, and timing.
Opportunity for Clean Profit: Learn how astute traders can capitalize on the correction wave. We provide strategies to navigate the market during this phase, showcasing how to identify entry and exit points for optimal risk-reward ratios.
Riding Wave BC: Delve into the specifics of Wave BC, the second segment of the corrective pattern. Uncover the factors influencing its formation and understand how to align your trading approach to capture its potential gains.
Risk Management Strategies: Mitigate risks effectively by understanding the importance of proper risk management during corrective waves. Explore techniques to protect your capital while maximizing your profit potential.
Technical Analysis Tools: Discover a range of technical indicators and tools that can be employed to validate your DXY analysis and fine-tune your trading decisions during this critical phase.
Real-world Examples: Gain insights from real-world historical examples of correction waves, comparing their patterns and outcomes. Learn from past instances to enhance your decision-making process.
📊💰 As the DXY enters a pivotal phase, make sure you're equipped with the knowledge and strategies needed to ride the waves of opportunity. Don't miss out on potential clean profits during the correction wave – Wave ABC holds the promise of lucrative trades. Stay informed and trade confidently with our in-depth analysis!
(Note: Trading involves risks, and past performance is not indicative of future results. This analysis is for educational purposes and should not be considered as financial advice. Always conduct your research and consider seeking advice from financial professionals before making trading decisions.)
DOLLAR INDEXHello & welcome to this analysis
In the daily time frame it has now come to a falling trendline resistance which has also activated a Bearish Harmonic Reciprocal ABCD pattern. Coincidentally, the swing low was also formed with a Bullish Harmonic ABCD pattern.
A retracement from here could take it to 102.75 and below that 102.15. The pattern would be considered negated above 103.90
Dollar Index / DXYEarly 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.
U.S. Dollar Index (DXY)The US Dollar Index (also known as DXY or USDX) measures the value of the US dollar against a basket of foreign currencies. Therefore, it provides us with an insight into whether the dollar is strengthening or weakening compared to other major currencies.
This index has a positive correlation with currency pairs where the dollar is the base currency. Conversely, there is an inverse correlation.
The DXY or USDX measures the exchange rate of the US dollar against 6 currencies. The currency with the most weight in its composition is the euro.
It is a key indicator in analyzing the value of the dollar to determine its trend. Additionally, it can be used to study the global macroeconomic situation, as well as to gauge the level of economic and financial uncertainty at a particular moment. (🇮🇳)
Dxy Dxy looks bullish. It can continue rally up. But i still prefer market to took sellside before it rally. Let's see whether we can see a drop to the sellside before it rally to took out Buyside... 🎲
DXY Key Levels DXY Key Levels pre CPI, Currently trading on narrow range and on trend line support , have to wait how PA going too behave post CPI
DXY SHORT UPDATE YOURSELF ACCORDING TO MARKET !!!!
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3.5
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
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.
dxy long + then shortTrade Idea: long + short
📍 Entry: 🎯 Target green ⛔ Stop Loss red : (MARKED IN CHART)
💡 RISK REWARD 1 : 2, 1:3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT W
DXYDear Friends See the DXY Weekly Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders & also Follow my Trading View Channel forget the Instant Notification of Every New Analysis
gold silver update blwgold update gvn already pls chk-- silver stya abv 72400up side till 73-73300+++ yes buy on dipsss dey index will dwn thna it fireeeeeeeeeeeeeeeeeeeee sl with be 72002
dxy day-1 technical analysishere is the dxy day-1 analysis dxy is moving in bearish channel and market give multiple rejection on bearish trend line
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.
Dollar Index Bullish signals - SOONAlthough, jumping a bit earlier, Dollar Index seems readying itself to JUMP UP. COT reports are STARTING to Show Bullish Signs. Daily Momentum has turned UP. BUT weekly momentum is yet to turn Up. Look for BULLISH SIGNS on Lower Time frames in Coming Weeks and Months. (Although, i will more comfortable if it Dips to one more Low on Weekly and then Goes up. But that is not an essential requirement)
The dollar ahead of FED actionThe dollar index ahead of FED decision day is at the 20dma and has retraced the recent losses from incoming data around weak inflation. In other words, Dxy is up only on fear that the fed will raise rates, but the data suggests that they should not. At a critical resistance, the dxy may be close to resuming its downward course. The dollar should head lower from here.
DXY HAVE CHANCE TO FORM BEARISH SHARK PATTERNDXY have chance to make 4 moves
1. case : dxy will go down while all markets will bullish if it retest only 102.5
2.case: dxy will break trend line and move till 113 and will start fall
3. case : dxy will bounce to 103 and then will take support of 100 and move till 133 area which happens to make retracement of all markets.
4. case: dxy will make double bottom and bearish shark pattern which happen directly only if interest rates go higher becoz of inflation.
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dxy strong yoo
hope you all are having a gread trading day
saw this pattern and was sure something major was about to happen
on other major currencies against USD
currently short on GBPusd with target about 1.2770 klets hope it goes well
hope you all make money and stay safe
