The U.S. Dollar Index sharply declined to make a new low below 93.13. The trend still remains down, in expected more decline in Minor wave Y likely through 91.07.

The Index, so far, has traced out a “Double Zigzag” as Intermediate wave (4), prior to the start of Intermediate wave (5), that will eventually carry the Index to a significant new extreme above the March 13 high.

DX - Daily

2 thoughts on “DX

  1. Raj

    Hi, In your chart DX has about 150 pips more to go from the low. Yet usd/yen has hit 161.8 on the swing. Do you think usd/jpy will make another low with DX declining more than 150 pips? On the USD/YEN pair according your’s and my chart 4th wave is done and it should now start moving up for the 5th wave. What is your view on this?


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