DXY Chart H1Here is my view for DXY on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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.
$DXY - Keep an 👀TVC:DXY CAPITALCOM:DXY
TVC:DXY - Keep an 👀
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
DXY-US DOLLAROur last setup on DXY worked out well, we are anticipating this price action as explain on our chart. Even if you use this chart along, you will be able to make good growth.
DXY New Week Possible MovePair : DXY Index
Description :
Bullish Channel as an Correction in STF
Fibonacci Level - 78.60%
Break of Structure
S / R Level
RSI - Divergence
Bearish Channel in LTF
DXY 28May2023if elliot's notation is correct, most likely there will be a correction and DXY will continue the bullish trend again, limited to 105,600
DXY 25May2023Currently, DXY has touched the Fibo extension at value 1, meaning that the wave length that occurs is equal to Wave 1. A correction may not take long, but for the medium-term target, DXY can bounce up to Fibo extension 1,618 which is parallel to the high of wave 2.
Dollar Correction Required!DXY(Dollar Index) created a hidden bearish divergence in the day timeframe! So, I think the dollar will correct to the 102.7 range!
DXY-IT IS TIME TO SELL XXXUSD PAIRS!Dear traders, hope everyone having a great week, DXY we had a massive sell off due to mostly by economic events came out negative for USDOLLAR. What we are expecting on DXY is to reverse from the current price. Though we have NFP which will be crucial
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.
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 New Week MovePair : DXY Index
Description :
Completed Impulsive Wave " 12345 "
Break of Structure
Divergence
Break of Structure
Impulse Correction
Bullish Channel as an Correction in STF
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY 21May2023DXY analysis is still in accordance with last week's analysis, currently still looks bullish with the notation still unchanged. The invalid area is in wave 2, I assume if the price drops more than wave 2 then the Elliott notation will change and there may be a trend change.
#DXY-LONG BIG MOVE EXPECTED!!Hey Everyone, Strong USD is expected in coming weeks. meanwhile we are expecting price to be bearish during the upcoming days in the week.
If you like the setup please do like and comment your views!!!1
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
DXY Next MovePair : DXY Index
Description :
Bearish Channel as an Correction in Long Time Frame with the Breakout of the Upper Trend Line
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
Break of Structure
Divergence - RSI
Symmetrical Triangle in STF with Breakout and Retracement
$DXY Bearish outlookAs expected, DXY continues showing weakness, with smaller increases of expected rate hikes, yields drop, and increase in CFTC net short positions, I expect the following bearish scenario to play out in the coming weeks,
Good luck and DYOR ,
CAPITALCOM:DXY
DXY EXPLOSIVE MOVE (LONG)= xxxUSD CRASHDXY is currently showing sign of strength from the BULLISH breakout we had last week, now we expected another explosive move to the upside.
DXY LONG = xxxUSD crash
INVALIDATION
If by any chance DXT goes below 101.360 that invalidates the BULLISH break, close all LONGS when this happens.
TARGETS
Overall TARGET for DXY is 200EMA on the D1
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
