Dxy_short
DXY (Dollar Index) | The best scenario for the fall 🔥Hello traders, Dollar Index in Daily Timeframe , As we expected from the dollar index , this decline also happened and it can be said that the decline has been completely confirmed.
The dollar index is within wave c of wave b at its higher time.
The -c- wave is forming its fourth wave, and according to the wave count in the image, a wave is forming from the fourth wave, which is probably also in the form of five waves.
This wave must first break the end of wave 3 and can continue to move to the middle line of the channel, the purple line.
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DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, we had a descent for wave b from the second wave of wave c and this descent happened.
We guessed the depth of descent was less and longer in time.
The wave that started can be wave b from the second wave flat or it can be one of the microwaves, the third wave from wave c .
But in general we will expect a correction, the correction can be done from the same area or in Fibo 1.00 with the failure of the channel
And If Fibo 1.00 is broken, the downtrend will continue to move fast and strong.
The correction expectation we will have will be a maximum of 93,800.
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GOLD (XAUUSD) | The best point to climb🚀Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
The dollar index completed the triangle of 4 wave c .
The wave structure of the 4 was not that it could be considered a flint, in fact because of the swinging and unavailable moves, and each of these movements in the form of 3 waves, the structure is more like a triangle.
In this wave triangle e , there is a very short movement down and indicates the dealers of the seller.
Therefore, the wave is likely to form a longer time and perhaps as a leading diameter triangle.
But in terms of precipitations, the Fibonio 2.618 for wave c will move in proportion of wave a, if most of this wave, this wave is.
And it should be said that if the green line failure, the decline is likely to be confirmed.
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DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
The situation with the dollar index is still unclear.
But we assume that the fifth wave is from wave c and with these waves, wave b is completed and the downward trend for wave c is formed in the form of five waves.
Of these five waves, wave 1 is being formed.
Micro-waves 1 and 2 of 1 are certainly over, and now we think that wave 2 will hit the ceiling of the blue channel, we will have a climb to the floor in the form of wave 4, and then re-descend for wave 5.
It should be said that If the ceiling of the descending channel is broken, the price will rise to around 94,200, which is probably related to wave 2, but it could be the fifth wave of wave b, which we will examine along with the trend.
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DXY (Dollar Index) | The best area to fall🔥Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index continued to fluctuate around wave a around the Fibonacci zone 1.27.
We still consider the first probability for the index to be the formation of wave 4, and we will consider this probability until the Fibonacci wave breaks 2.618 wave c from wave b to wave -a- in one hour.
In this probability, wave b is almost over and wave c of wave 4 will be formed into five waves, and this wave will probably drop to 1.27 in proportion to wave b.
It should be said that if the previous roof is completely broken and also the roof of the pink dot channel is broken, we should consider the next scenario.
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DXY Weekly Analysis & Trading Idea for 4 - 8 October 2021DXY Weekly Analysis & Trading Idea for 4 - 8 October 2021
DXY (Dollar Index) | The last point to fall🚧Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index completely broke our previous analysis point in Fibo 0.88.
And if this point is broken, we were supposed to consider this wave as wave 5, but from what we have examined, the most logical case for this wave is wave 4.
But this time we considered it not in the form of twin zigzags but in the form of irregular flats.
And the last chance to consider this wave as a correction will be Fibo 1.27 for wave b of the plate, and if it breaks again, we will say for sure that these waves were impulses.
Because the ratio of a and c waves will be very unusual.
In general we will expect to climb to the specified point and then descend for wave c .
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DXY (Dollar Index) | The best spot to fall🔥Hello traders, Dollar Index in Daily Timeframe ,In the dollar index , as you can see in the chart, wave c is formed in larger time.
Wave c has probably completed waves 1, 2, and 3 itself, and we are now forming wave 4 or wave 5.
Wave 4 is formed as a flat and over a very long period of time. In our opinion, this flat is in its last wave, wave c .
We examined wave c in four hours and it is not possible to say exactly whether this wave is completed or not.
In wave c of wave 4 felt:
We will have three possibilities to move
Wave 4 is not composed of wave c and after descending to the middle lines of the channel, it completes and starts wave 5.
In the second case, wave c is complete and can continue down to the bottom of the channel.
And the third possibility of wave 4 of wave c is already completed and microwave 5 of wave c is forming.
We divided the channel based on Fibos and now the trend is at 0.88 Fibos and in case of upward failure the third probability is confirmed.
Otherwise, the decline continues to the middle lines, and if you react to these lines and change the trend, the first probability will be confirmed.
In case of complete failure of these downward lines, the second possibility will be confirmed.
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DXY (Dollar Index) | The last ascent 🏹Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Wave 4 of wave c Zizag wave x ended in Fibonacci 0.38 and now wave 5 is likely to form, wave 5 in Fibonacci 0.88 for wave x and Fibonacci 1.27 for wave c are expected to end, and Moving beyond that makes this scenario fragile.
Also, due to the small size of wave 4, we assume that this wave will continue and after the complete break of the midline of the channel, it will have another descent to the previous floor, ie the range of 93000, and then wave 5.
If the warning sign is broken, the hope of another climb for wave 5 decreases.
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DXY (Dollar Index) | The last rising wave of the DXY🚧Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
The conditions created have changed the form of the wave count and I have a new perspective in this analysis.
Based on this wave count, waves 1, 2 and 3 have been completed in higher timeframes and now wave 4 is being formed.
In wave 4, we expect the formation of a double zigzag, from which the double zigzag wave w is completed and wave x is being formed.
In wave x, waves a and b are completed and wave c can end from this point or finally the channel ceiling and then wave (w) can start.
If the warning sign is broken, this analysis will be fielded.
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DXY (Dollar Index) | The last rising wave of the DXY🚧Hello traders, The dollar index in daily timeframe ,Waves a and b are completed at higher times and now wave c is being formed.
In wave c, waves 1, 2 and 3 are formed and now waves 4 and 5 must be examined.
Wave 4 is formed as a flat, from this flat wave c is probably completed.
If wave c is completed, wave 4 is over and then wave 5 is formed, and at lower timeframes the correction should not go beyond Fibo 0.78.
In case of further correction, wave c and wave 4 have not been completed yet, and the last wave, wave 5, must be completed.
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DXY theoryMy first Idea, a theory as advertised..do with it as you will. higher time frame shows price action in the process of the left shoulder of head and shoulders pattern(as every short idea will let you know but can be seen on daily chart) . once price breaks out of wedge the short term direction will be clear(although more room for the downside than upside).. if miracles happen and it completes the head and shoulders with the explosion of price(bearish) means a long position on quite a few forex pairs and commodities would be favourable. naturally the way you play this depends on your strategy, if you are cautious and reactive wait for the scenario to play out then make your move(bearish price movement below wedge should peak your interest) or predictive/pro-active if you are feeling risky and getting in/off of left shoulders is your thing then do it. im posting this on a friday so i expect some dollar bullishness when the market closes as i am currently seeing that while typing this, so wallstreet and market makers can give themselves hi 5s and pats on the back whilst chanting in unison "U.S.A!" for as they enter the weekend so they can enjoy their weekends as mortals do before they turn back into sharks when the market opens.
some additional info if you need it would be wise to use dxy as a confirmation for your trades, if you love trading gold as I do..if the dollar is weak then buying gold is a sure fire way to gain some net(profits). dollar strength or weakness makes many pairs strong or weak regardless of whether the usd is used in the trade or not due to America being a greater influence on the world other than their currency being the biggest baddie in the entire prison. if you are purely a technical trader then analyzing the dollar would be closest you get to fundamentals as possible, if you have some favourite forex pairs take some time to see how it reacts to the price action of the dollar. the most notable pairs that i take note of is gbpusd,usdjpy and usdcad as they love moving with the dollar
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DXY (Dollar Index) | The latest wave of the downtrend🚧Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, wave 4 was formed, but the shadow of the last candlestick went beyond the end of wave 1, and the validity of this wave count has decreased to some extent, but according to the analysis based on Price Action, the descent is still valid.
We are currently in wave 5, which will be completed as a pullback on the channel.
At the moment, we have identified two price targets for Wave 5, after which we are waiting for the formation of Wave 2 in higher timeframes.
If the high price of resistance (end of wave 1) stabilizes, this wave count will lose its validity.
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Dxy- Now whatAfter breaking up the falling wedge, Dxy has reached the pattern's target and now is trading in very strong resistance zone that lies around 91.50.
A correction can follow at this point and 90.50 could be the target
DXY BearishPresident Mr Biden to Propose $6 Trillion Budget to Boost Middle Class and Infrastructure, So Dollar will print & weak from this level!
DXY bullish longer timeframeHi there,
For now I'm still bullish on the dxy, look for a sharp move on the price action to the upside in lower timeframes, and join the wave.
Good luck
$DXY - waining sell momentum but one more continuation lower?DXY broke out the descending shape - stalled for a while then moved expolosively 93.5
Waining mometum as selling has slowed, 1D bull divs also but short still a good bet here
At 1D Supply which is strong supply - continued/broke market structure to downside, OTE of recent down leg
We are at 1M demand - which helped this leg up and thus has already been mitigated
I would expect price to in the near future move through it and flip it to resistance
DXY dollar indexin dxy daily time frame this is what im willing to see as the usd pairs are on a bearish trend and we may see some double bot happen on some days to see.keep this in ur mind and make the trades careful.if the 61.8 level doesnt break this chart is invalide.and will be updated. GLHF
DXY very bullish after retracementHi there,
DXY heading for another leg down, I think we completed now wave 3 and we heading for wave 4 for a big retracement on the dollar, which will send eurusd to 1.21 and gold to 1800+
After we make the correction, the whole market will crash with the strong dollar,
Get ready to get in after the correction on GOLD, EURUSD, GBPUSD, NZDUSD, AUDUSD, all will drop hard
Good Luck
