Category Archives: U.S. Dollar Index – Weekly

DX

Bullish Outlook :

The strong rally week in Dollar Index, would confirm the bullish stance that Intermediate-degree wave (5) is advancing to new highs after a double zigzag correction as the fourth wave.

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

DX - Weekly

DX

Bearish Outlook :

The U.S. Dollar trend still remains down, expecting an ultimate decline in Minute degree of three-wave Y, prior to complete the entire correction in Intermediate wave (4).

The Index would eventually achieve the 91.07 level, where the Minor waves W and Y are equal.

DX - Weekly

DX

Bearish Outlook :

The last week’s decline to 94.69, would indicate resuming the Minor-degree trend in wave Y.

Based upon this bearish count, expect the correction in Intermediate wave (4) to trace out a double zigzag, which its Minor wave Y towards 91.07 remains in progress.

DX - Weekly

DX

Bearish Outlook :

The price volatility in dollar index still maintains under the Fibonacci 1.618 expansion level, that suggests respecting a viable bearish-possibility.

Based upon this alternate count, expect the correction in Intermediate wave (4) to trace out a double zigzag, which its Minor waves X or Y remain in progress.

DX - Weekly

DX

Bullish Outlook :

The outlook has not changed on dollar index in the weekly frame. The corrective wave (4) remains in an exhaustive state as the double zigzag in Intermediate degree, prior to the start of the next waves of advance in Intermediate wave (5) likely underway.

Based upon the bullish view, the wave (5) that could have begun at 92.62, will eventually carry the Index to new highs above 100.39 (Mar. 13), the prior Intermediate wave (3) high.

The ultimate target for this dollar advance is around the 104.02 level, where the waves (5) and (1) are equal – a common relationship.

DX - Weekly

DX

Bullish Outlook :

As shown on this weekly chart, the U.S. Dollar corrected through Fibonacci 0.382 retracement level. The “double zigzag” correction could be labeled as Intermediate wave (4), which is prior to advance in the fifth wave of the same degree.

Based upon the bullish view, Intermediate wave (5) that could have begun at 92.62, will eventually carry the Index to new highs above 100.39 (March 13).

The ultimate target for this final dollar advance is around the 104.02 level, where the waves (5) and (1) are equal – a common relationship.

DX - Weekly