DXY WITH CLEAN UPWARD MOMENTUM
Updated
As we can see DXY was in falling wedge past couple months and it had a breakout around 2018/MAY. Breakout was so sweet and valid enough to raise the index price near Fibonacci Extension Level: 38.20% (92.87) and it was also the first ever impulse or motive wave of our Elliott wave 0 to 1. After reaching the 1 it made a small corrective wave 2 below the Fibonacci Extension Level: 38.20% (92.87) and again continued its upward momentum and here our Elliott wave is making the second impulse or motive wave 3 which indicate now clearly that overall our DXY is having a valid uptrend (Bullish) and seeing how perfectly it following the path of each wave and admiring the Fibonacci Extension Level I guess the trend will overall make to the Fibonacci extension level: 78.60% (97.68) or above in further weeks or months if it's really following and respecting the path and level of wave and fibo extension respectively.
Comment
May 30Comment
DXY trying to complete 5th wave and Fibo Extension 78.60%.
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