Dollar index DXYMy view is bearish on dollar and this is best bearish count to my mind.
61% retrace of whole decline of fall from 101 to 89 is almost achieved.
Even if dollar has to rise more to 78.6% retrace or complete 100% retrace to form a triangle , then also it has to provide a second X wave and then it may rise again for a final Z wave on upside before a larger decline back to 89 may start.
Trade ideas
DXY Trading Plan - 23/Nov/2021Hello Traders,
Hope you all are doing good!!
I expect DXY to go DOWN after finishing this ending structure.
Look for your SELL setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
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
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Last Idea - Dollar Index -Rise & Collapse-Part 1- Feb2021
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DXY 4HR PROJECTIONPrice is currently trying to break through a minor 4hr Trendline with a long wick Rejection 4hr candle from the triangular price pattern formed. A minor support at 94.120 has been rejected too..The last 4hr Rejection candle tells us that price still has room and momentum to the upside. I'm expecting more dollar Strenth across of Majors, especially against the weak Yen.
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 ...
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*This information is not a Financial Advice.
King Dollar Waking Up!Classic double bottom, The question is now Will King Dollar rise from here or just sit here on its ass.
All the signs are here already--> Inflation, Bond Taper, China Real Estate Mess, US polity Drama, RRP Drama. One thig is sure Central banks don't want to mess the same things again,So a new cockroach will emerge soon. Till then Follow price, Always folLow price.






















