U.S. Dollar Currency Index TVC:​DXY

Could be a possible trend reversal once the dollar index is rejected from the neckline.

The dollar index has broken from the the ascending triangle, as suggested by us. It has formed an elliot wave and is due for an ABC correction. Hence we expect the pair to face resistance at the fib extension value of 2.618 and head south to broken resistance.

Dollar Index study - DXY pullback and possible direction

us doller is in downtrend ...as we see market retrace form 50% retracement level and over 200 ma also their so its a strong resistance level...as we see market is in downtrend ...now market follow the trend ...i describe the profit target...but market go more downside...

The DXY index is trading in a tight range for the past few days. It is in the process of forming a potential head and shoulder pattern. Also trading around a strong trendline and multiple support zone based on price action. Market is awaiting cues to make a major move on either side. Hence, wait for our updates to instigate a perfect trade.

The 4 hour chart of dollar index has formed a bullish trend line. Based on the price action,we expect the broken trend line to act as strong resistance. Also the point 95.53 is acting as a strong resistance. Hence we expect the price action to be bearish and find support at trend line.

The weekly chart of DXY formed a round bottom pattern and made a strong bullish move. It faced resistance around the value of 95.18. Its is currently trading near the 9-EMA which also coincides with the murray math line 4/8 value(support zone). Since both these are strong support zones,we can expect a good up move in short-term and once it crosses the ...

The dollar index is currently trading around a minor support zone. The price action and the stochastic indicator is showing a divergence. So there is a good chance of bounce back. It will retest the broken support zone which is a good time to short.

The 4-hour chart of Dollar index has completed an (1-5)Elliot wave. It is due for an ABC corrective wave. The price action indicates that it has broken the support of 94.18. A small pullback up to the support level is expected. Once the the support has been re-tested the index will move towards the next support level placed at 93.22.

The daily chart of the dollar index has formed a Full Elliot Wave. It is due for a correction in the form of ABC Wave. Also there is a possible double top pattern forming in the counter. The pair has also formed a evening star pattern in the candlestick. So as per the above analysis,we can expect a strong a downside in the Dollar index.

The 4 hour chart of DXY shows sideways movements and double top pattern With engulfing candle formed selling pressure intensifies further more here after Short until reaching the expected targets respectively.

The 15-minute chart of Dollar Index is currently is downtrend and formed a Elliott Wave as indicated by us in the chart. The 5th wave has almost completed its rally and we expect the counter to form a corrective ABC wave. It is also in the strong support zone and so we can expect the dollar index to be bullish up to the corrective wave pattern C which may extends ...

The daily chart of Dollar index has formed a cup and handle pattern. Although, it’s a continuation pattern many analysts now use it to predict a trend reversal also. It has also formed a handle by taking a retracement of 25%. As per our analysis, we expect a major bullish move in the counter if the index can sustain above the value of 95.03. On the contrary,if the ...

It will touch 92.55 and once a confirmation breakout happens, then it will be a trendline movement. Big bearish engulfing candle pops up in this chart and no price action happens until now. IMPORTANT : Since this week all USD pairs are in major support/resistance, be careful. Don't enter so early.

Setup for a bearish bat... GL

It seems DXY at strong resistance now if breached this resistance, then it can reach the value @ 94.81 If it does not, then dxy value may down to 93.75

From our analysis, It seems DXY follows the trend of Elliot waves which further targets the next value @ 92.94

Failed to break 7/8 Murrey trading line it could retest 4/8 and then 2/8 murrey trading line Twezzer candle in daily time frame so sell now today DXY should down in NFP newsrelease