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U.S. Dollar Index
Short
Updated

DXY - Near a turning point? [Elliott Wave Analysis]

186
Corrective move up on DXY - potential triangle into ending diagonal - which points into a violent trend reversal.


Alternate view with invalidation at 100.27

snapshot
Note
High should remain intact, so watching for more strength on GBPUSD and EURUSD by EOM and forward.

snapshot
Note
Barely a new high but the move down is clearly impulsive. (Part of?) a flat correction should be completed here.

Nice reaction so far on the first level of support. EURUSD should turn down which is inline with some kind of recovery on DXY after 5 waves down.

snapshot
Note
Clear impulsive move up. Some pullback to be expected again.

snapshot

Closing this thread.
Acel
Also on:
Chart PatternsdollarindexDXYElliott WaveSupply and Demand

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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.
Chart PatternsdollarindexDXYElliott WaveSupply and Demand
Acel
Also on:

Related publications

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.