DX

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?
    Regards
    Raj

    Reply

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