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DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
TVC:DXY
by Hokusai_FX
DXY brief gain to the resistance area 📖🚀Hello 🐋 Based on the chart, the price is close to the support area and channel support ✔️ if the price doesn't break the support zone to the downside, we can see more gain 💣🚀 otherwise we can see more correction ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
TVC:DXYLong
by MadWhale
12
💡DXY Index Growth Signs💡Hi, everyone👋. 🔹As you know, it is better to start with higher time frames for chart analysis; one of the most important analytical time frames is the weekly time frame. 🔸In order to have a better view of the next week's trend of the DXY index, it is better to analyze the DXY Index chart in the weekly time frame. 🔹One of the analysis methods that can help us is candlestick patterns (Candlestick patterns are more valid in higher time frames). 🔸As I have specified in the chart, we can see the Tweezer Bottom and Bullish Engulfing reversal patterns at the same time in the support zone, and even last week's candlestick can be considered a confirmation candle of these patterns. 🔹In addition, In addition, if the growing movement of the DXY index toward the resistance zone is high, there is a possibility of forming a valid Double Bottom pattern in the weekly time frame for DXY. 🔔I expect the DXY index to have an upward or at least neutral trend in the next two to three weeks. (I have outlined the scenarios that may happen to DXY in the chart). U.S.Dollar Currency Index ( DXYUSD ) Analyze, Weekly 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.
TVC:DXYLong
by pejman_zwin
7