The analyst expects the correction to end when the USDX reaches a value of 101.800. This is the predicted target for the end of the "C" wave of the correction. Once the index hits 101.800 (according to this analysis), the correction is expected to be complete, and the USDX may then resume its previous (likely upward) trend.
In short: The USDX is expected to fall to 101.800 to finish a temporary price dip (correction) that's shaped like an ABC pattern.
In short: The USDX is expected to fall to 101.800 to finish a temporary price dip (correction) that's shaped like an ABC pattern.
Trade active
Working analysisNote
Tardw active, target reached for 3rd wave. Wait for correction before starting 5th wave.
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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.