DXY (Dollar Index) - Bullish Minuette (b) - FED Retracement
DXY is overall still vulnerable and within the down-trend for Minor 4 (black).
As projected in our previous analysis for DXY, Wave X (red) has completed the Right Shoulder (Head & Shoulders Formation) and started Wave Y (red), just as we expected in the FED Rate Decision video.
Minute Wave Y (red) is unfolding as a Zig-Zag within Minuette ABC (turquoise).
Minuette A (turquoise) is about to complete its cycle, as Sub-Minuette Waves ABC (blue) are finalizing, paving the way for the Bullish Retracement Wave, the Minuette (b) (turquoise). Minuette A (turquoise) is already showing the Primary Bullish Divergence and should have a very quick final drop which will confirm the Secondary Bullish Divergence as well.
As projected with the Fibonacci Extensions (blue), Minuette A (turquoise) is finalizing at the 161.8% and 61.8% values, which are also the Levels of the H&S Neckline and Minute Wave W (red) Important Support.
DXY is about to retrace short-term wise and after that it is still expected to drop more for the medium-term.
Minuette B (turquoise) is expected to shoot towards 50-61.8% values on the Fibonacci Retracement (red) of Minuette A (turquoise).
Short-Term BUY:
Entry - 99.45
SL - 99.20 & 98.75
TP - 100.80 & 101.15
Medium-Term SELL:
Entries - 100.80 & 101.15
SL - 101.80
TP - 97.80
As projected in our previous analysis for DXY, Wave X (red) has completed the Right Shoulder (Head & Shoulders Formation) and started Wave Y (red), just as we expected in the FED Rate Decision video.
Minute Wave Y (red) is unfolding as a Zig-Zag within Minuette ABC (turquoise).
Minuette A (turquoise) is about to complete its cycle, as Sub-Minuette Waves ABC (blue) are finalizing, paving the way for the Bullish Retracement Wave, the Minuette (b) (turquoise). Minuette A (turquoise) is already showing the Primary Bullish Divergence and should have a very quick final drop which will confirm the Secondary Bullish Divergence as well.
As projected with the Fibonacci Extensions (blue), Minuette A (turquoise) is finalizing at the 161.8% and 61.8% values, which are also the Levels of the H&S Neckline and Minute Wave W (red) Important Support.
DXY is about to retrace short-term wise and after that it is still expected to drop more for the medium-term.
Minuette B (turquoise) is expected to shoot towards 50-61.8% values on the Fibonacci Retracement (red) of Minuette A (turquoise).
Short-Term BUY:
Entry - 99.45
SL - 99.20 & 98.75
TP - 100.80 & 101.15
Medium-Term SELL:
Entries - 100.80 & 101.15
SL - 101.80
TP - 97.80
Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.