Overview of DXY looking bullish As we can see bulls run in market theres a good chance for buying DXY
DOLLARINDEX trade ideas
DXY ExpectationTVC:DXY Possible DXY movement has been mapped. Emerging markets like India (NIFTY, SENSEX), might be impacted due to this
DXY good short candidateDXY perfect text book bearish deep crab pattern fromation
photo finish reversal
rising contracting wedge formation
bearish divergence on rsi
ready for 94.55,, 93.2,, 91.75
Dollar Index Broke-out !! Dollar Broke out above 97$ and headed for 100-101$.
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US DOLLAR CURRENCY INDEX ANALYSIS!Hi everyone, US dollar currency index analysis & view on 1 week chart, index is going upside & if sustains above 97.220 can go upto 99.240 & 101.800 (level identified from harmonic xabcd pattern level 1.414/2.272) it shows FIIs are pulling thier money out from indian equity market & we can see fall in in equity markets too! TVC:DXY
Dollar index DXYdollar index about to complete its current up move.Fall below 95 would bring 92 atleast if not a completed break down below 89.
Breakout Done Finally #DXY please refer to the chart.
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Range bound with bullish biasDXY is stuck in range 95.5-96.7 although making bullish structure and a possible inverted head and shoulder pattern with depth of 4 points eventually, if triggered, breaking the range for 100.
the trendline already faked out once could still act as a support for last time.
Key levels
96.295 close above it means smaller range breakout then range shifts upward with base 95.956
96.789-96.938 supply created recently
overall dollar will gain in currency pairs in short to mid term
Look what's attempting to Break Out?This chart is only for those who understands correlation between DXY-Indian Markets.
DXY to settle downDollar Index should cool down as per the lagging indicators and plus its around Resistance of Downward Trending channel.
Disclaime: View for Educational purpose only.
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 .
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
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
