The DXY index experienced a noticeable fall after the announcement of the CPI index.
Currently, the DXY indicator is moving in the 🟢support zone($ 101.3-$ 100.82)🟢 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 ⏰4-hour time frame⏰.👇
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 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.
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It's time to fly. 😊
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The effect of DXY index growth on the fall of gold
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The effect of DXY growth on the fall of EURO
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The effect of DXY growth on the fall of GBP
Trade fermée: cible de profit atteinte
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I will update this post soon.
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Short break for DXY growth again⏰
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It seems that DXY has started to grow.
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When can the DXY index break the Descending Channel❗️❓
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The 🦈Shark🦈 Harmonic Pattern is a sign of a bullish DXY🚀