As almost all major USD pairs correlate with USD index, either directly or inversely, prediction of direction of $ index is important to keep in mind bigger picture for all those major pairs.. Looks like we are in correction right now, that can stay for more time before bulls come in the game.
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Going nicely according to the analysis. Wave-iv looks like completed. DXY ready to fly to complete wave-v in order to finish 3rd wave rally... Happy trades:)
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Two wave counts there. Either it is ABC which looks like done or it is 12345 where its time for corrective wave-4 to show up!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.