Monthly Archives: April 2016

DX

The U.S. Index has worked marching in place the week, so far. The short-term bearish case  (the complex wave C in progress) well remains intact.

There are differing options that the entire correction as the Intermediate wave (4) could have developed, till here. A viable possibility, one that we should respect, is that the wave (4) would remain in the late stages of an ending diagonal in its Minor-degree wave C, as a flat correction.

DX - Daily

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EURUSD

There is no change in the prior short-term forecast. Euro has the same differing options for the entire correction as Intermediate wave (B), which can take as the U.S. dollar but flipped over.

The counter-trend rally in Minor wave C could be in place, to get to more complexity in its structure and last longer than it has so far.

EURUSD - Daily

GBPUSD

Bearish View :

The Cable could be in the process of third-wave down of Minute-degree wave ((v)) toward the Fibo 1.618 expansion target at 1.3720.

The wave ((v)) would ultimately amount to 1.3521, before the end of Minor-degree extending wave 3.

GBPUSD - Daily

DX

In the U.S. Dollar’s daily chart, there are differing options that the entire correction as Intermediate wave (4) could have developed so far.

A viable possibility, one that we should respect, is that the wave (4) would remain in the late stages of an ending diagonal in its Minor-degree wave C, as a flat correction.

DX - Daily