No man's land but potentially more downside for the DXYThe dollar index ended up breaking downwards this week. It is in no man's land between the channel formed by the 93.188 and around the ~92 levels.
BEAR CASE
We think there's likelihood for the price to find more downside to test and potentially even break the bottom of the channel to hunt the stop losses around the 91.8 and 91.5 areas before finding more potential upside.
BULL CASE
If price were to move upwards next week, we expect price to be rejected by the top of the channel and potentially form an ascending triangle pattern for a potential break to the upside.
Dxyforecast
DXY- Higher low in place?As I said a few days back, I expect a break above resistance in DXY's case.
As normal, after touching resistance, Dollar Index corrected some and, at this point, we can have a higher low in place.
Confirmation for bulls comes with a clear break above and a drop under 92.50 invalidates the bullish scenario
DXY (Dollar Index) | Small correction♻️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.
In this analysis, we examined the c wave.
We are in wave c within wave 5 and I set three price targets for it.
The first price target of Fibo was 0.38, to which the price reacted, and this indicates that one of the microwaves of wave 5 is forming, and wave 5 is not yet complete, and after the complete break of this Fibo and the peak. Previously, the price will move towards Fibo 0.50 and if Fibo breaks 0.50, the price will move to the next Fibo.
This analysis is fielded if the price crosses Fibonacci 0.618 and the warning sign.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | Small correction♻️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.
In this analysis, we examined the c wave.
We are in wave c within wave 5 and I set three price targets for it.
The first price target of Fibo was 0.38, to which the price reacted, and this indicates that one of the microwaves of wave 5 is forming, and wave 5 is not yet complete, and after the complete break of this Fibo and the peak. Previously, the price will move towards Fibo 0.50 and if Fibo breaks 0.50, the price will move to the next Fibo.
This analysis is fielded if the price crosses Fibonacci 0.618 and the warning sign.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | The best spot to fall📍Hello traders, Dollar Index in Daily Timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
As I said in the previous analysis, the dollar index is completing wave (c).
In wave (c) waves 1, 2 and 3 are complete and now we are in wave 4, wave 4 is probably a flat and for this wave 3 I considered Fibonacci price targets of 0.38, 0.50 and 0.618, which if any of these are broken. Fibos can move to the next Fibo.
In this analysis, wave 5 is determined based on the Fibo price target of 0.38 for wave 4, and if this Fibonacci is broken, the price target for wave 5 will also change.
If the price crosses the warning sign (end of wave 1), this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | The best spot to fall📍Hello traders, Dollar Index in Daily Timeframe, this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
As I said in the previous analysis, the dollar index is completing wave (c).
In wave (c) waves 1, 2 and 3 are complete and now we are in wave 4, wave 4 is probably a flat and for this wave 3 I considered Fibonacci price targets of 0.38, 0.50 and 0.618, which if any of these are broken. Fibos can move to the next Fibo.
In this analysis, wave 5 is determined based on the Fibo price target of 0.38 for wave 4, and if this Fibonacci is broken, the price target for wave 5 will also change.
If the price crosses the warning sign (end of wave 1), this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY- Will it break?Since the recent 89.50 low, USD Index is trading upwards, putting in higher lows on our chart.
At this moment DXY is facing resistance at around 93 and a break looks imminent.
If we indeed will have this break, 95 is the next target.
This outlook is valid as long as the price stays above the recent low
Selling EurUsd, GbpUsd, AudUsd and NzdUsd can be a good idea
DXY (Dollar Index) | The best point to climb🏹Hello traders, The dollar index in the weekly time frame, This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe.
according to the chart, we are probably at the end of a correction process and now we are in the leading waves (impulse).
In these leading waves (impulses) waves 1, 2 and 3 are complete and now we are inside wave 4, waves a and b (completed as 3 waves which is a sign of flatness) are wave 4 completed and now we are inside wave c (which It is in the form of 5 waves) which completes wave 4 and starts wave 5 after hitting the bottom of the channel.
Given the positive economic news in the US, we can expect the price to rise from the current price, but the best point to climb the bottom of the channel is purple.
If the canal floor is broken, the scenario will change.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | The best area to fall📍Hello traders, Dollar Index in 1 Hour Timeframe, this analysis is prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
According to the previous analysis, the dollar index is forming wave 4, and wave c seems to be in the form of a complete triangle.
After the end of wave c with the end of wave 4, wave 5 starts and we expect the bottom of the pink and Fibo channel to move 0.50-0.618 and even beyond.
Due to the presence of Fibo 1.618 for c wave in this area, it is a great area for price return.
If the price crosses the warning sign, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | Small correction to form a wave 4♻️Hello traders, Dollar Index in 1 Hour Timeframe This analysis is prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
The dollar index is still forming wave 3 microwaves.
The first probability that the price will move to the bottom of the pink channel after breaking Fibo 0.618 (Fibo 1.618 for wave 3 and Fibo 1.27 for wave C) and the price of 91.784 if this area breaks, the price will probably fall to Fibo 2. There is .00 and in case of failure of the black channel, wave 3 will be of the extended type.
The second possibility I have is that the price will move to 0.38 after breaking the Fibo 0.618 to form the Fibo 0.38.
In case of complete failure of the channel roof, the upward trend will be completely.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | Small correction♻️Hello traders, Dollar Index in 1 Hour Timeframe, this analysis is prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
In the dollar index, wave c of wave 4 is still forming.
In these waves, waves 1 and 2 are complete and it seems that the price is forming microwaves of wave 3.
If the price of Fibo breaks the yellow 0.618 completely, in this case there is still a possibility of falling to the bottom of the channel of the Fibo area of 1.618 and then wave 4 will start in the specified area and in case of failure of the Fibo 0.50 and the channel ceiling. This analysis loses some of its credibility.
If the floor of the channel is broken, wave 3 will be of the extended type.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | The last downward waveHello 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 is still forming wave 4. In wave 4, waves a and b are complete and wave c is forming.
In wave C, waves 1 and 2 are complete and now we are inside wave 3, and one of the microwaves of wave 3 reacted to Fibo 1.27 and returned.
If it can not break this Fibonacci in the next decline, in this case we expect the price to move up to the ceiling of the pink channel.
After the price hits the channel ceiling, we expect the dollar index to move to the next move to Fibonacci 1.618, which is at one point with the red channel floor.
If the bottom of the red channel is completely broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | The best spot to fall📍Hello traders, Dollar Index in Daily Timeframe, this analysis is prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The dollar index is in its own wave c and we are now in its 4th wave.
If the price breaks the pink channel floor and then breaks the Fibo 0.618, in this case, the possibility of the dollar index rising will be filled and we will expect the price to fall further.
If the price rises from this area, the price will move at least to 0.38 after breaking the blue trend line, and if this area breaks, it can move to the next targets, but should not cross the end of wave 1.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | The best area for price returns📍Hello traders, Dollar Index in 1 Hour Timeframe, this analysis has been prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
As in the previous analysis, I said that the price in the form of wave 3 could reach Fibo 1.618 on its own, and we expected it to have a small correction before this move, but this correction was done at a lower price.
If the index does not continue this correction and its side motion is less for wave 3 microwaves, it indicates the strength of wave 3 and increases the possibility of breaking Fibo 1.618, in which case wave 3 is of the extended type.
If wave 3 microwaves have a small ascent after a side mode, it indicates the formation of wave 4 at the channel ceiling.
If the channel floor is broken, this analysis will be fielded.
If the bottom of the canal is broken, wave 3 is of the extended type.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | Small correction♻️Hello traders, The dollar index has been released in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
In previous analyzes, I said that this wave-C is from wave 4.
And now we are inside the C wave, the C wave is probably completing its waves 1 and 2 and wave 3 is forming, which has reached close to Fibonacci 1.618 and after reacting to the pink channel and forming a microwave, wave 3 will complete itself and Then start wave 4 correction.
If Fibo 1.618 breaks completely, in this case, wave 3 is a wave extending and breaking the bottom of the channel.
If the price reacts to the channel ceiling, wave 4 is completed and wave 5 begins.
In case of complete failure of Fibo 0.50, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | Start downtrend 🔥Hello traders, The dollar index in 1 hour frame, this analysis is prepared in 1 hour frame, but has been published for a better view of the 2-hour frame.
In this analysis, we made a wave c in the 4-hour frame and accurate channel.
Inside the wave, it can be said that the waves are 1 and 2 and now wave 3 is formed.
For wave c , I specified the two targets that the first Target is on the roof of the red channel, which specified in the 4-hour frame, and the second Target is the 1.618 fibe, which is very suitable.
If the black channel is broken, this analysis is a field.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) |The last ascent🚧Hello traders, Dollar Index in 1 Hour Timeframe As I said in the previous analysis, the dollar index is moving within a leading triangle.
This triangle completed wave 4 yesterday and now we are inside wave 5.
The purpose of channeling is just to isolate the price.
Wave 5 will move towards the midline in the first stage and will move towards Fibo 0.618 if the midline breaks, and if the slope of the trend line does not decrease, it can reach the next target (in the next analysis, we will say in How this leading triangle form is fully validated).
This analysis is fielded if the bottom of the triangle (warning sign) is completely broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index) | The best position to climb🚀Hello traders, The dollar index in the 1 hour time frame, the dollar index due to its neutral motion and in this case the wave count is difficult and in this case I considered the wave count in a leading mode.
We are now in wave 5.
If the black channel is broken, the price can move to the bottom of the triangle and finally to the end of wave 4, but if the end of wave 4 is broken, this analysis is fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
DXY SellWill look for shorting opportunity in case of a breakout to the downside on the lower timeframe.
Bullish momentum is still intact look for sell only in case of a breakout.
👇 Follow for more daily forex content and education 💪
Good luck to you!
Don't forget to like and share, it really helps.
Stay tuned.
This is just an idea, not financial advice.
DXY (Dollar Index) | Great area to start the downtrend🔥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.
Wave c is currently forming, and Waves 1, 2, 3, and possibly 4 have completed themselves, and we are inside Wave 5.
Our goal in channeling is to put the trend in a framework and calculate the trend slope.
The current trend is forming wave 5 in wave c and currently forming a 5 wave for wave c, it can not be said that this microwave is one of the waves of wave 5 or wave 5 itself.
Right now I expect the index to move up to the red triangle.
1- If the price moves directly from the same area to the ceiling of the triangle, this analysis is correct.
2- If the price is neutralized first and then moves upwards, in this case the previous 1 hour analysis wave counts are approved.
If on the way back from the ceiling of the triangle, the frame of the channel and the two floors of the black channel are broken, all this wave is wave 5 and the long-term descent will be confirmed, otherwise we expect more ascent.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️