Dxyforecast TradingView India

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In the wave count that was performed at higher times, a progressive trend was formed and from this trend, waves 4 and 5 remain. Wave 4 was originally intended as a flat, but wave c , which we have… Dollar Index reached an important level.

Circle marks the perfect support which should be touched by 23-26th July, if it has to work. The overall frame of the trend is still pointing 94 but positive divergence can’t be ruled out. Better to be on the sideline and see which support is in motion.

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Possibilities of a continued upmove emerges from the higher time frame charts. Once the key resistance zones around 97.95 was overcome the we observe that the strong breakout above the key resistance zone around 97.81 has generated some positive momentum in the currency basket. With the bullish trends getting restored we need to see how long can the momentum… U.S Dollar currency Index tested our target level 111.


Read more in the Terms of Use. The U.S. dollar index is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange . The index is currently calculated by…

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DXY ANALYSIS It has retracted to its Fibonnacci Level 0.5 (106.17) where it actes as a support and bounced back to its 0.382 (106.84) level which acted as resistance for now. Further drop is expected to 0.618(105.5) level before another pull up towards 1.618 (112.5 ) LEVELS THIS IS JUST A VIEW. DO YOUR OWN RESEARCH BEFORE DOING TRADE WITH PROPER RISK… What is Wyckoff Distribution Cycle? An accumulation cycle is typically followed by what is known as Wyckoff Distribution. Wyckoff Distribution Schematic – After the dominant traders have increased their position during the Wyckoff Accumulation cycle, they will sell off their positions when the asset’s price is high. The Wyckoff Distribution cycle will happen…


The Dollar index witnessed over throw or fake breakout from ascending parallel channel due to excess optimism but it is now back into the channel. Pattern wise, it seems to be forming distribution triangle. MACD is also going negative in daily time frame along with turning towards negative in weekly time frame. Once it breaks down lower side of Triangle then it… The dollar index might see a sell-off for quite a few while the reasons for it is REASONS 1.

If the US market stays positive today… DXY has stopped falling and is starting to form support in this area and form W! DXY reached target 1 which I set from where it rejected to the resistance area of from here I expect a small retreat and then I… 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.

On a 1week time frame we are seeing a strong resistance. On the 1day time frame we are seeing double top on the resistance. And on 15 min time frame, we can see a head and shoulder pattern and a descending triangle pattern.

This was the top recorded back in Mar 15 and again in Nov 15. Through the first half of the year the prices have… DXY,there is a possibility of dxy breaking out of this cup and handle pattern and to move upwards,if daily candle does not closes above the trendline there is a possibility of dxy touching the trendline/support formed below. DXY is fundamentally strong now, Gdp growth increases unemploy. Decreases cot data remain neutral infl rate decreases so that fall happen.

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Dollar index has been rising form 96 levels onwards. In all likelyhood to touch 112.5+++ levels soon. Resistance and channel marked… This is a daily analysis you can go short keep your stoploss above the red candle and continue to 2 target given the target is of 1% all the best Happy Earnings… DXY is on edge of the support at 96. RSI has formed positive divergence but yet not turned up.

As a rule, when the value of the dollar increases relative to other currencies around the world, the price of gold tends to fall in U.S. dollar terms. It is because gold becomes more expensive in other currencies. The US Dollar Index is an index of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners’ currencies. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.

DXY broke the trendline in nov22. Now USDINR is also near the trendline. Is DXY projecting the future of USDINR. There is always some lag between the two. Overall it is an important time to analyse and make money. Chart shows the value of the Dollar against all assets, it is said that if the value of the dollar goes up the value of assets goes down and vice versa.


Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. Wait for more dxy tradingview price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your… A closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected!

  • Settings allow for inverse settings and de-combining the two pairs as well as a nice cloud look if all the lines get annoying.
  • Now USDINR is also near the trendline.
  • Circle marks the perfect support which should be touched by 23-26th July, if it has to work.
  • MACD is also going negative in daily time frame along with turning towards negative in weekly time frame.
  • Low probability of a good up move from here.

Smart money traders take long postion. Major trend Uptrend Minor trend Downtrend. Selling pressure is high risk for buying.. Short term downtrend expecting..


Beautiful breakout above 92 as shown the related chart below… Right now in bullish territory… Important levels marked for next week. As such, it has intrinsic value. However, that value can fluctuate over time, sometimes in a volatile fashion.

Lets C right now in Bearish Territory Important levels marked for next week. An indicator that multiply the closing price with https://1investing.in/ the current volume. This will show the relative interest in the underlying asset regardless of the price change over time.

Exactly as I said DXY reached the area from where I expect a rejection to the area and after you will test and the Fibonacci… As I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618! In the next period DXY is in a very… On the charts, we find that the MACD is gradually heading higher as prices continue to consolidate with favorable tailwinds leading to strengthening of the greenback. Prices are now rising to challenge the strong resistance developed at 100 levels.

Falcon Wave D is a 5 wave pattern unfolding, and looks like we are in wave 3 completion, the current one up looks like an internal 4th wave of blue 3rd wave. Now, we can expect last leg down to complete 3rd wave and then it should go up in 4th wave as shown above and in the chart. More on this in next few days.

I was predicted this on 13 may 2022 post. It is working in parallels channel and currently trading at upper line resistance. Negative Divergence also seen on daily and weekly chart.

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