TVC:DXY   U.S. Dollar Currency Index
If a day candle closes above 94.00 till 12.07.2018 then the uptrend will continue.
Else if a day candle closes closes below 94.00 but above 93.77 then we should expect a bearish trend after the price tests 94.00. Maybe the price will go sideways a few couple of days.
Else we should expect a strong bearish trend .
Jul 10
Comment: Seems like DXY wants to continue its bullish trend...
Jul 10
Comment: Oh, no!
It is not so obvious :-(

Seems like DXY is looking for a resistance at 94.4. In that case, it will be the 4-th leg of Elliot Wave and then DXY will fall down breaking the current support/trend line.

Comments

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