📊 DXY Technical Outlook 💵
On 26 Sep 2022, the Dollar Index (DXY) began a weekly correction. What followed was a clear 5-wave decline, bottoming at 99.75 on 17 Jul 2023 — marking the completion of Wave A.
From there, the index rallied in 3 waves, reaching a high of 110 on 23 Dec 2024, forming Wave B. Currently, the C wave decline looks nearly complete as of 26 Jan, with price also testing the 200 EMA on the monthly chart.
⚡ Key Signal to Watch:
If DXY crosses above 100, it could signal the start of a new bull cycle, with potential upside targets in the 110–120 range.
🔑 Takeaway:
The structure suggests a zig-zag correction is unfolding, and the next move could define the dollar’s medium-term trend.
TechnicalAnalysis #DXY #Forex #TradingInsights #MarketOutlook
On 26 Sep 2022, the Dollar Index (DXY) began a weekly correction. What followed was a clear 5-wave decline, bottoming at 99.75 on 17 Jul 2023 — marking the completion of Wave A.
From there, the index rallied in 3 waves, reaching a high of 110 on 23 Dec 2024, forming Wave B. Currently, the C wave decline looks nearly complete as of 26 Jan, with price also testing the 200 EMA on the monthly chart.
⚡ Key Signal to Watch:
If DXY crosses above 100, it could signal the start of a new bull cycle, with potential upside targets in the 110–120 range.
🔑 Takeaway:
The structure suggests a zig-zag correction is unfolding, and the next move could define the dollar’s medium-term trend.
TechnicalAnalysis #DXY #Forex #TradingInsights #MarketOutlook
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.