Hoag
Long

DXY Technical Analysis: Confirm Bullish view

TVC:DXY   US Dollar Currency Index
Talking Points:

  • DXY Technical Strategy: Bullish
  • Elliottwave Count: We are confirming flat correction here, and looking for impulse count

We keeping our primary analysis posted earlier month and considering correction over in dollar index             . With that we are looking for gathering more evidence for bullish impulse count. First confirmation received after weekly close above flat correction channel. Followed by bearish triangle trendline , which confirm that dollar indices is in bullish trend and will continue near future. Same was confirmed in EURUSD             and other dollar basket currency pairs.
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