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cfetrader
Feb 27, 2016 4:52 PM

DXY wave analysis Long

U.S. Dollar Currency IndexTVC

Description

There are quite a few rule violations in the DXY wave development. However, in spite of these differentiations from the "norm", it can be claimed that since August 2015 a B-type correction is developing in 5 consecutive sub-waves (alternative coding also included in the chart). This could mean DXY values above 100 in the near term, provided of course the overcoming of the descending channel & Ichimoku cloud.
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