DXY Sideways Trend Could Persist Another While

TVC:DXY   U.S. Dollar Currency Index
The dollar could still be in correction territory with a bottom target of 89.5, possibly going all the way down to 87.7 if the latter is broken to the downside (blue count).

A move above the 97.5 mark instead would invalidate the blue count and confirm that Wave 4 has either already completed and we have resumed the longer term uptrend to 100+, or that we are in a triangle wave pattern that will further prolong the correction.

One thing is sure, the price action over the next couple of months will determine the longer term trend for the greenback.

Feedback is welcome.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out