KasperElsborg

Dollar index- where are we going?

ICEUSA:DX1!   U.S. Dollar Index
I see a Cypher that confirms the down trend, and we might hit 85, which seems to be supported by the trend channel. But in the meantime there is a struggle right now, a Crab pattern suggest that we shoot for 100 before going down. There also seems to some news that confirm this TA.
Comment: disregard the Crap pattern, it did not happen, but overall we are still bearish on the Dollar
My initial Cypher was off on the C point, but I found evidence that C can be between 1.130-1.414 of XA, so it very much right on the spot.
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