DXY could continue towards 89.60 before running towards 91.40 Levels. At those levels, it will be watched for the down-trend to continue.
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Trading tip:
Caution is needed with the Wave Counts below as the Dollar Index could "pull" its last available "joker" in its sleeve and extend the Corrective Structure towards a Triple Three, thus resulting in a temporary Bullish outcome before the expected fall.
Members already took profits on the previous BIG RED BEAR knocking on your door! Part 2 - DXY 2H ...
Dollar Index (DXY) is currently trading within a Complex Corrective Structure (WXY), with the last piece remaining to unfold on the Bullish side.
After this scenario would be validated, I would be expecting a last Bearish Trend (which could be significant), thus leaving room for EUR/GBP/XAU/XAG to complete their last Bullish Swings for each of their...
Hello everyone. My name is Virginia TElphee and today I’m going to explain to you my thoughts on USD that will help us better navigate ALL forex markets in the coming months. Please note these are just my opinions and should not be considered investment advice.
Looking at this Daily candlestick chart of USD index – ticker symbol DXY a few general observations are...
DXY Wave Count is pointing out towards a possible fall towards Minute %, which would finalize, in my personal view, the end of the down-trend and Primary A.
There looks to be a general consensus among forecasters that the weather will play a key part in job creation, which may hamper numbers to some degree. That said, the volatility in the monthly job gains has notable, ranging inside 150-250K, though inside these levels, the Fed will be content in maintaining their program of gradual rate increases through the year....
