DX
SOUTH AFRICAN RAND FUTURES WEEKLY ANALYSISHello everyone
the weekly chart for this market shows the downtrend in the next week. but to be sure of the successful seller entry it is better to wait for the break in level 0.056114
also we must be vigilant of the change in the direction of the market
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US Dollar Index (DXY) - Updated Elliott wave countUS Dollar Index (DXY) has completed 3rd wave of C wave in ABC sequence of Y wave in WXY wave from top made on 20 April. As shown in chart from the top price moving down in WXY complex correction, where W & X already over and Y wave is divided in ABC flat wave, where A & B were three wave movement and C impulse is running down. It has completed 3rd wave and now correcting in 4th wave.