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sumastardon
May 1, 2018 11:07 AM

DXY: Dollar Index Update - Still Bullish to 94 Long

U.S. Dollar Currency IndexTVC

Description

DXY Dollar Index Update
After consolidating back to the lower parallel at 91.49 the
Dollar has pushed higher towards the near term upside target
at 92-55-92.64 range where it should consolidate again back
to the lower parallel one last time before moving higher to
the next upside target at 94.03.

The overall trend remains positive whilst DXY stays within
the larger parallels governing this impulse wave from
inception. Look to continue to sell EURUSD (as per comment)
and other pairs into DXY consolidation until the 94 target is
achieved.

Comment

DXY Closer

Comment

DXY Longer Term


DXY Longer still

Comment

DXY Update
Now testing the next line of resistance and likely to consolidate a little before pushing higher still EURUSD also on the parallel now, see next comment
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