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Dollar Index (Review)- WaveTalks: The Bounce from 89.55Heading in the suggested direction & getting a close opportunity at 89.55 in April/May 2021 gave dollar bulls a better grip. Falling below 88-89 only will trigger the next downside move or it will touch the (a) - (c) trendline & finish (e) wave within the next higher degree wave-4. Thanks --------------------------------------------------------------------------------------- Last Idea - Dollar Index -Rise & Collapse-Part 1- Feb2021 ---------------------------------------------------------------------------------------
TVC:DXY
by WaveTalks
4
DXYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... DXY reached target 1 which I set from where it rejected to the resistance area of 92600 from here I expect a small retreat and then I will continue BUY to target 2 and complete W THIS WEEK...this week I will draw a parallel between the 1 week chart and the 1 month chart because the month has just ended and I would like to know what to expect ... Exactly as I said ... DXY has passed target 1 and is heading towards target 2 which complete W,from where it will have a strong rejection to the 93,500 area and from there even to 91,900 ... from where the ascent begins again ... NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
TVC:DXY
by BloomFX_SIGNALS
Dollar Index - candlestick analysisTVC:DXY Dollar Index candlestick analysis : 1) overwhelming weakness in dollar as equity markets rallied 2) First signs of some buying emerge, some range expansion on upside 3) but all of buying quickly gets absorbed, by strong bearish engulfing candles, immediately after each attempt by buyers to drive prices up 4) clear range expansion also visible on downside as sellers again drive prices lower with momentum 5) this is a first proper sign of accumulation, long tail candles, range of candles on downside is getting narrow, and range expansion happening on upside, sellers are loosing momentum 6) mid point of previous wide range candle is where supply starts coming in, but range of bearish candles getting formed now is lower than candles that formed previously in the same zone at 4 7) as price reaches the same level of accumulation zone at 5, we again get long tail candles, further absorption of supply 8) widest range candle we have seen on upside in the entire base region, clear demand emerging now as buyers gain strength over sellers 9) each time a bearish candle forms, it gets countered by a bullish engulfing candle right on the very next week, some tails forming in the lower region. this is clear accumulation at higher levels now, in start contrast to price action at region 2 and 3 10) Dollar is now in a HH-Hl structure, supply is getting absorbed, and we will most likely get a breakout on the upside 11) this can lead to short term correction in equity indices
TVC:DXYLong
by aarki_gg