U.S. Dollar Currency IndexUpdated Don't Sell Dollar(USDX) in the Short & Medium Term
As we shown on the daily chart, we expect 1(one) wave ((5)) movement in the next months to around 118. So the biggest odds are higher. If Dollar(USDX) breaks the last low wave ((4)), a double correction will take place. In this moment, the Right Side of H1 and H4 is turning up. We need more data to see a clear definition in USDX next movements.
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WARNING: Dollar(USDX)Dollar(USDX) can not break the last low wave ((4)) - a double correction will take place and Market Correlation will be changed too.
Now it's about to complete a wave 2 in blue. H4 Right Side is Turning 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.