Category Archives: U.S. Dollar Index – Intraday

DX

Dollar Index Rally in Minor wave B :

This week, the U.S. Dollar Index retraced up through the 38 percentage of Minor wave A decline, likely in a completed Minute wave a (circle). The following Minute waves of b and c lie ahead, prior to the completion of the rally in Minor wave B.

Based on this alternative, the broad outlook remains bullish against the 93.155 low.

DX - Intraday 600

DX

The U.S. Dollar Index formed its bottom, as extreme point of Minor wave C, very close to the anticipated 93.04 Fibonacci target. The impulsive rise, as an initial move to the upside, could be an indicative signal to trend reversal.

The outlook now is bullish against the 93.17 low.

DX - Intraday 600

DX

Bear trend in place but expect a bit more sideways in short-term :

The U.S. Dollar Index has developed the Minuette waves (a), (b), (c) and (d) of a running triangle as Minute wave iv (circle), and its wave (e) up lies ahead.

The broad outlook still remains bearish through the 93.04, in expected decline in fifth wave of Minor wave C.

DX - Intraday 360DX - Intraday 600

DX

Bear trend in place but expect more sideways in short-term :

The U.S. Dollar Index seems to have developed the Minuette waves (a), (b), and a part of (c) of a running triangle as Minute wave iv (circle), in which case waves (d) down and (e) up lie ahead to form a completed triangle in the current range. With this potential, the outlook remains sideways…

The broader outlook, however, has remained bearish through the 93.04, in anticipated decline of fifth wave ahead of Minor wave C.

DX - Intraday 360DX - Intraday 600

DX

The bearish outlook :

US Dollar Index may going sideways, likely in a running triangle as the Minute fourth wave of Minor wave C.

The broader outlook remains bearish through the 93.04, where the wave C equals 1.618 times the length of wave A, in anticipation of the wave C extending to lower levels.

DX - Intraday 600

DX

The bearish outlook :

US Dollar Index has corrected 38 percent of the minute degree wave iii of wave C, in the fourth wave likely in progress.

The broad outlook still remains bearish in anticipation of continue to fall now with potential of the fifth wave decline of the ongoing wave C.

DX - Intraday 600