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
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...
Watch out for these levels on monthly basis. If its not crossed expecting down move
The 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.
The 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...
US 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
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...
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.
* 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
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
USD has moved to a strong demand zone and hence can expect the USD to soar high
Disclaimer: The above analysis is for educational purposes. Happy New Year 2022!!!!
crypto family dxy is looking ready to drop just need to clear those demand zones
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 count that was performed at higher times, a progressive 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 have...
According to my idea U.S Dollar correction start 23 mar 2020 to 6 january 2021 down 5 wave. this show zig zag correction , rule of zig zag correction 0.62% not more than retractment price . be careful U.S dollar
The dollar index is rising continuously amid indicating tough calls for Indian economy and rising Inflation fears with Crude oil impacting the notional budget of the country. Check on the levels earmarked.