$DXY Flat before #ElectionDay

DXY is looking it wants to bottom.

These are the elements in favors of bulls:
  • A recent bullish divergence on the RSI indicator.
  • The RSI has found support on 40 level
  • The RSI divergence perfectly matches the end of a bearish Wave5
  • The Bullish Wave 2 has been triggered and marked a low signaled by S34 and A55 exhaustion points


However, there are still some things in favors of bears:
  • The bearish countdown which started on SU9 (Aug 6) is not over (bar 7/13)
  • To complete this countdown, DXY needs to close back near the bearish Wave 3 target (@92)
  • A potential bearish wave 2 is also in progress
  • TDST Resistance has not been breached yet


To get a clear direction, we will probably have to wait for the results of the elections.
IF DXY closes above @94.5 a bullish wave 3 should be favored with a first target near 96
Otherwise, a further decline remains likely, with a bearish wave 3 target near @92
DM IndicatorDXYelection2020electiondayTechnical IndicatorssequentialTrend AnalysisWave Analysis

🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩

⬛ Access to MATHR3E Indicators 📈🔓:
patreon.com/MATHR3E/

🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
Also on:

Disclaimer