Category Archives: U.S. Dollar Index – 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

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DX

Bullish View :

There is no change in the U.S. Index’s bullish view.

The Minor-degree wave D would achieve the Fibo 0.618 expansion target at 99.46, in a three-wave structure. (wave D = 0.618 wave B, a common relationship between the same direction waves of a triangle pattern.)

Note: The Index should hold above the mid-March low at 94.58, during the entire process of advancing in the wave D.

DX - Daily

DX

Bullish View :

After a complex three in wave C down, the Minor-degree trend could have turned up in wave D of the triangle correction as Intermediate wave 4.

The wave D will likely achieve the Fibo 0.618 expansion target at 99.46, in a three-wave structure. (wave D = 0.618 wave B, a common relationship between the same direction waves of a triangle pattern.)

Note: The Index should hold above mid-March low at 94.58, during the entire process of uptrend in Minor-degree wave D.

DX - Daily

DX

After a complex three in wave C down, the Minor-degree trend could have turned up in wave D of the triangle correction as Intermediate wave 4.

The wave D will likely achieve the Fibo 0.618 expansion target at 99.46, in a three-wave structure. (wave D = 0.618 wave B, a common relationship between the same direction subwaves of a triangle.)

DX - Daily

DX

Bullish View :

The 2.5 percent volatility in Dollar Index, could have completed the second wave of Minor-degree wave D up of the triangle wave (4). As noted in the prior posts, the Index would still remain in the process of correcting in sideways over the coming months.

The current advance in wave D would eventually achieve the Fibo 0.618 expansion level at 100.12, in a three-wave structure. (wave D = 0.618 wave B, a common relationship between the same direction subwaves of a triangle.)

DX - Daily

DX

Sideways Developing :

Today is the first strong rally day in Dollar Index in the last month, that would raise confidence that Minor wave D advance is underway.

As noted in the prior posts, Intermediate wave (4) would develop in sideways over the months ahead. With respect to a triangle correction as the fourth wave, its Minor waves A and B are complete, wave C could have completed too, wave D up is ongoing, and wave E down/sideways will lie ahead.

DX - daily