Hello, US dollar currency index view & analysis on 1w chart index is making upside momentum on 99.750 is resistance level (identified from harmonic abcd pattern 2.0) index can correct from level & above level can go upto 101.700/103.650. (Targets identified from harmonic xabcd pattern level 2.272/2.618) it indictaes FIIs are pulling out money from equity market.
Dollar index if makes low we probably will have RISE and Index and Vice versa this is correlation of Dollar index with Index in a particular Dynamics of Market.
As you can see from the chart there is two Fibo retracement being drawn starting from 1986 to the current year 2022 and Micro Fibo retracement from November 2019 to current year 2022. Current DXY is near Macro Fibo retracement at 0.5 and Micro Fibo retracement at 0.786.
Meaning we are near to the biggest US Dollar crash in history from DXY index price at...
I foresee a fall on the DXY Dollar index in the short and long term; faced with the increase in the US interest rate and therefore we could consider a rise on EURUSD GBPUSD...
I foresee a fall on the DXY Dollar index in the short and long term; faced with the increase in the US interest rate and therefore we could consider a rise on EURUSD GBPUSD...
TVC:DXY NSE:NIFTY
Dxy Formed very bad structure
CMP 97
SL 98
Target 92
Looks like we are going to see a quick fall in DXY. May be positive for Emerging markets like India (Nifty)
This is a long term analysis on TVC:DXY . Dollar has a strong supply area around 98. As long as 103 isn't crossed, we can expect lower levels of 80 soon. Considering global macro factors, this is a strong possibility. The rub off of this would be huge on other linked currencies. One can keep a watch on this in coming months.
Disclaimer : This is a long term...
DXY 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
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
please refer to the chart.
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DXY 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...
Dollar Index should cool down as per the lagging indicators and plus its around Resistance of Downward Trending channel.
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