It's not financial advice. It's just my prediction about the future of the DXY index Just see and Think about it. I think it's so interesting analysis to imagine the future of DXY. So Let's go ************************************ In the first level let me tell you more about the relationship between DXY and the cryptocurrency market. It is a known fact that the...
Dollar Index is on edge of broken pitchfork, next targets:110 & 122. At my previous idea on DXY the bullish diamond pattern is formed. Cancellation of idea in case: If the M bar closes below the red level 0.618, then targets 78 & 62. Go green! ;-)
Dollar Index chart shows bullish Diamond Pattern . Prepare for new trends on all market instruments.
In this article I will be doing Elliott Wave Analysis of the Dollar Index, as you can see from the current count that we are in a Wave 4 of a higher degree Wave 3, hence it calls for a buying opportunity. I believe that the 38.2% level that is coming near 100.24 should act as a Region of Support and hence buying can be initiated there. Strategy : Wait for...