Dxyforecast
DXY 3June2023You can see the note that I gave on the chart, the possibility of wave 4 happening later. I still believe DXY will remain bullish as long as the price does not fall deeper than the invalid area, there is a possibility that DXY will fall more than that, but there is a certain limit to how deep the price will fall.
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Currently we are within the range: Lows: 100.820 Highs: 103.150
Pattern: Wedge
We are at an very interesting area when it comes to dollar! Keep your eyes wide open a break above 103 areas, we could easily go towards 105 handle. However, if we are to close below the range of 100 areas then bears are still in control. A great break out trade idea!
Keep in mind those trendlines going down.
Trade Journal
Dollar Index Chart Analysis....
In this situation, DXY chart creates Elliott wave pattern. So,if 103.600
resistance level need to sell confirmation then DXY will fall 102.700 &
102.200 support level. If the breakout is 103.800 level then case is invalid.
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
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DXY growth with the help of Double Bottom pattern🚀DXY index managed to form a Double Bottom pattern near the🟢 support zone($ 101.3-$ 100.82) 🟢 so that Regular Divergence(RD+) can be seen between the first and second bottoms.
DXY has already completed the pullback to the neckline and is breaking the upper line of the descending channel.
I expect DXY to grow to at least the downtrend line after breaking the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2h-time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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DXY needs a correction to grow again!!!DXY was able to finally break the descending channel and downtrend line with a strong upward trend last week.
But it seems that this week it is the turn of correction or pullback of DXY to the broken resistance zone.
I have specified for you the possible scenarios for the DXY to grow again on the
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY 18May2023The mid-week DXY looks in accordance with the initial analysis, experiencing bullish entry into the impulse wave, if now is the period of wave C, and wave C usually consists of 5 waves, then wave 3 has at least the same length as wave 1. we can estimate the movement of the wave 3 using the Fibo Extension.
Dollar Index Chart View
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY: News prediction!My Outlook
The unexpected increase in inflation is not a positive development, contrary to what some headlines may suggest. While we anticipate a decrease in inflation, it is unlikely to reach the Fed's target of 2% for several years. This means that the US will likely have higher interest rates than other countries, even if inflation rates are higher elsewhere. This could result in a stronger dollar for an extended period, potentially throughout the year.
DXY 16May2023In my opinion, the dollar index this week will tend to be bullish, where the price looks to breakout from the previous swing high, even though there is a possibility of a correction, as long as this correction does not fall further than the invalid line, then the bullish trend is still a priority analysis