Category Archives: U.S. Dollar Index – Intraday

DX

The Dollar Index seems to have formed the top of Minute wave a(circle), and poised to the pullback as Minute wave b(circle). The following rally in Minute wave c(circle) lies ahead.

DX - Intraday 600

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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