To better understand the DXY Index roadmap๐บ๏ธ, it is better to first look at the DXY weekly time frame:๐(Running well, as I expected โ )
As you can see, the upward trend of DXY will continue.
Now, I tried to show you the DXY roadmap in the 4-hour time frame using the Elliott wave theory.
It seems that DXY is nearing the end of wave 3, and this wave can end at ๐กPrice Reversal Zone(PRZ)๐ก.
I expect the DXY to return to the first ๐ขsupport zone($ 103.60-$ 103.36)๐ข after the end of wave 3 is confirmed and rise again to the top of the ๐ดheavy resistance zone($ 105.80-$ 104.53)๐ด.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour 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.