Category Archives: U.S. Dollar Index – Weekly

DX

Bullish View :

The U.S. Dollar Index should have concluded its correction of Intermediate wave (4) as a flat at 91.92. The medium-term trend has turned up now, and subsequently advance in the same degree wave (5) could have started its way up.

The advance should eventually carry index toward the 103.32 level, where the same degree waves (5) and (1) are equal (a common relationship).

DX - Weekly

Advertisements

DX

Sideways Outlook :

As shown on this U.S. Dollar’s weekly chart, decline in a three-wave structure to 61.8 percent of the prior advance would suggest that Intermediate wave (4) still remains in its Minor-degree wave C down of a triangle correction.

It is expected the Index to remain in its sideways developing until late 2016.

DX - Weekly

DX

Bullish Outlook :

It is expected the U.S. Dollar would likely still be in Intermediate-degree wave (5), which should be traced out in five-wave structure through 104.02, where the same degree waves (5) and (1) are equal.

Based upon the bullish count, the current decline could find its support around the 97.36 level.

Note : Shown on the 2nd chart below, is another alternate count.

DX - WeeklyDX - Weekly1

DX

Bullish Outlook :

It is expected the U.S. Dollar would likely still be in Intermediate-degree wave (5) which will unfold a five-wave structure through 104.02, where the same degree waves (5) and (1) are equal.

Based upon the bullish count, the current decline should be find its support around the 97.36 level.

DX - Weekly

DX

Bullish Outlook :

The U.S. Dollar Index has maintained the uptrend for straight weeks, while the March high at 100.39 still remains intact. A rise above this high will confirm the bullish case.

Based upon this bullish count, the fifth-wave developing will eventually achieve 104.02, where the same degree waves (5) and (1) are equal.

DX - Weekly