DXY, Huge Drop Incoming, H-S-Formation Completion!

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Hello,

Welcome to this analysis about the DXY US-Dollar Currency Index and the 4-hour timeframe perspectives. In recent times the Index is forming important developments that should not be underestimated as inflation pressures on fiat and there is an inflation rate never seen since more than 35 years the DXY is setting up for a dump to the downside. Looking at my chart we can watch there how the Index is building this main head-shoulder-formation in the structure, with the left shoulder and the head completed and now in the right shoulder the Index is forming this bear-flag-formation-channel of which the right shoulder consists. In this case now when the Index finally breaks down below the neckline this will show the confirmational completion of this whole formation and the Index will set for further continuations as well as activate the target zone seen in my chart. Once the target zone has been reached it has to be elevated how the Index moves further and if there comes a potential reversal or just a devastating bearish continuation, it will be an important development ahead.

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Information provided is only educational and should not be used to take action in the markets.

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تعليق

ANALYSIS UPDATE: The DXY accelerated with heavy bearish pressure breaking out below the lower boundaries of the head-shoulder formation.

The DXY since completing the whole head-shoulder formation with the bearish breakout reached all of the target zones within the determination.