The DXY index experienced a noticeable fall after the announcement of the CPI index.
Currently, the DXY indicator is moving in the ๐ขsupport zone($ 101.3-$ 100.82)๐ข and near the lower line of the descending channel.
The Regular Divergence(RD+) between the price and the MACD indicator is clearly visible in the โฐ4-hour time frameโฐ.๐
According to the theory of Elliott waves, the end of the main wave 5 can finish in the support zone, and I expect the DXY Index to at least touch the upper line of the descending channel or the middle line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2h-time frameโฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
๋ ธํธ
It's time to fly. ๐
๋ ธํธ
The effect of DXY index growth on the fall of gold
๋ ธํธ
The effect of DXY growth on the fall of EURO
๋ ธํธ
The effect of DXY growth on the fall of GBP
๊ฑฐ๋์ฒญ์ฐ: ํ๊ฒ ๋ฟ์
๋ ธํธ
I will update this post soon.
๋ ธํธ
Short break for DXY growth againโฐ
๋ ธํธ
It seems that DXY has started to grow.
๋ ธํธ
When can the DXY index break the Descending Channelโ๏ธโ
๋ ธํธ
The ๐ฆShark๐ฆ Harmonic Pattern is a sign of a bullish DXY๐