Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Dollar Index DXY published in members area of the website. As our members know , Dollar shows bearish sequences in the cycle from the 110.157 peak. In the following text, we will explain the Elliott Wave forecast in more detail.
Dollar Index DXY Elliott Wave 1 Hour Chart 04.02.2025
As mentioned earlier, Dollar is showing bearish sequences – 5 waves pattern from the 110.15 high, and we expect further weakness in the US Dollar. Current Elliott Wave analysis suggests that DXY completed a three-wave recovery at the 104.68 high, marked as wave 4 red. As long as the price remains below this level, we anticipate continued downside in Dollar index..
At this stage, we do not recommend buying and favoring the short side.
You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page
90% of traders fail because they don’t understand market patterns. Are you in the top 10%? Test yourself with this advanced Elliott Wave Test
DXY
Dollar Index DXY Elliott Wave 1 Hour Chart 04.03.2025
The price remained below the marked invalidation level, leading to a further decline as anticipated. Eventually, it broke the previous low at 103.22, confirming that the next leg down is underway. The Dollar Index remains bearish as long as it holds the 104.67 pivot. We anticipate continued weakness, with a downside target of 101.51 (wave 5 = wave 1).
Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room
Reminder for members: Our chat rooms in the membership area are available 24 hours a day, providing expert insights on market trends and Elliott Wave analysis. Don’t hesitate to reach out with any questions about the market, Elliott Wave patterns, or technical analysis. We’re here to help.
DXY
Elliott Wave Forecast
Thank you for exploring our NIFTY Index Forecast with us. While we analyze 78 instruments, it’s important to remember that not every chart represents a trading recommendation. For official trading signals, we invite you to join our Live Trading Room, where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-day trial to unlock new trading opportunities.
Over the years, we’ve developed a reliable trading strategy that clearly defines entry, stop loss, and take profit levels. By joining us, you’ll gain access to expert guidance and the chance to refine your trading skills
Join us today !
📈 Elevate your trading with Elliott Wave Forecast!
💻 Ask unlimited questions during trading hours (Monday to Friday). Our Chat Rooms are an excellent place to learn, with continuous support from our market experts!
🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
Comments