{"id":7843,"date":"2025-01-23T00:58:27","date_gmt":"2025-01-23T00:58:27","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=7843"},"modified":"2025-05-12T12:02:24","modified_gmt":"2025-05-12T12:02:24","slug":"usdollar-dxy-the-wave-change-the-game","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/usdollar-dxy-the-wave-change-the-game\/","title":{"rendered":"US Dollar Elliott Wave: The Wave That Could Change the Game"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trend Bias<\/strong>: A major top may have formed at the 110.18 high and a bearish reversal shifts the trend to down.<\/li>\n\n\n\n<li><strong>Key Resistance<\/strong>: Bearish below the area near <strong>110.176<\/strong>.<\/li>\n\n\n\n<li><strong>Downside Targets<\/strong>: 96-97 and possibly 89-90 are downside targets over the next several months.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Current Elliott Wave Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"677\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/DXY_2025-01-22_13-24-09-1024x677.png\" alt=\"\" class=\"wp-image-7846\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/DXY_2025-01-22_13-24-09-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/DXY_2025-01-22_13-24-09-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/DXY_2025-01-22_13-24-09-768x508.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/DXY_2025-01-22_13-24-09.png 1335w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The DXY <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave analysis<\/a> displays a potential <strong>Primary Wave (B)<\/strong> structure at or near a completion, with subwaves visible at two degrees of trend:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Intermediate Degree<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Wave (A): Completed decline to <strong>100.80<\/strong>.<\/li>\n\n\n\n<li>Wave (B): Ongoing upward correction, subdividing into an <strong>A-B-C<\/strong> structure.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Minor Degree<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Wave (B)\u2019s subwave (C): Carved an ending diagonal pattern that has the minimum subwaves in place at 110.18 to count it complete.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p>The RSI divergence near resistance at <strong>110.176<\/strong> signals potential weakness. This suggests <strong>Wave (B)<\/strong> may complete near the 1.618 <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci extension <\/a>at <strong>110.805<\/strong>, marking a turning point.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Forecast<\/h3>\n\n\n\n<p>The chart implies a bearish reversal, initiating a larger <strong>Primary Wave (C)<\/strong> decline. Probable targets for this decline are between 96-97 and possibly 89-90 over the next several years.<\/p>\n\n\n\n<p>If DXY rallies above 109.42, the alarm bells will start ringing again that something else is brewing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>Bearish bias while below 110.18. Below 109.42 we can be comfortably bearish. Above 109.42 and it&#8217;s an early warning dashboard signal that something&#8217;s not right. Huge downside targets so give this room to breathe.<\/p>\n\n\n\n<p>Downside targets include 96-97 and possibly 89-90 over the next several months and perhaps years.<\/p>\n\n\n\n<p><strong><em>You might be interested in\u2026<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"gQ2CutAOLY\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-falling-wedge-bulls-edge\/\">EUR\/USD Elliott Wave: Falling Wedge at Bull&#8217;s Edge<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;EUR\/USD Elliott Wave: Falling Wedge at Bull&#8217;s Edge&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-falling-wedge-bulls-edge\/embed\/#?secret=QVoRvLRmJu#?secret=gQ2CutAOLY\" data-secret=\"gQ2CutAOLY\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>US dollar Elliott wave analysis shows a corrective rally at completion. Discover key levels to follow on the anticipated downtrend.<\/p>\n","protected":false},"author":160,"featured_media":7844,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-7843","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US Dollar Elliott Wave: The Wave That Could Change the Game - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"US dollar Elliott wave analysis shows a corrective rally at completion. 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