USDX DXY DXY DXY 📊 DXY Analysis with Elliott Waves 🌊
Wave (B) appears to be completing around 109.
A corrective decline toward the 100 zone (Wave (C)) is likely.
Key Fibonacci targets: 100% at 95.06 and 127.2% at 90.93.
🔎 Keep an eye on price action near these levels for potential reversals.
⚠️ Disclaimer: This analysis is not financial advice. Always conduct your own research before investing.
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DXY Update
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🔻 After completing wave (3) at 97.555, the index is now building wave (4) as an A-B-C correction.🔴 Currently in wave B of (4), a possible rejection zone could lead to wave C pushing toward the Fibonacci targets:
102.127 (38.2%)
103.540 (50%)
104.952 (61.8%)
🟢 After the correction, expect a final drop in wave (5) of C toward the green demand zone near 97.5 – 97.8 (aligned with 361.8% Fib extension).
📉 Mid-term bearish bias remains intact unless price breaks above 106.96.
🧠 Strategy Idea:
Wait for a reaction around 102–105 area. If wave (4) completes and shows signs of exhaustion, look for short setups in wave (5) targeting sub-98 levels.
🛑 Invalidation: Break above 106.96 would cancel the current bearish wave count.
Disclaimer: This is not financial advice. For educational purposes only. Do your own research. Trade at your own risk.
Disclaimer
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. Read more in the Terms of Use.
Disclaimer
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. Read more in the Terms of Use.