Index: US Dollar Index (DXY) Frequency: Daily Predicted DIrection:
DXY has currently completed the downside impulse wave (I, II, III, IV, V) with wave 3 extension, which belongs to the intermediate corrective wave A from Dec 2016. It is expected the US dollar will have a sharp correction before hitting the resistance zone of 89.03/78. The price may test the upper 23.6% Fib level or 38.2 Fib resistance level.
Comment
⋅
Comment
⋅
Comment
⋅
DXY formed a Double Top at the resistance level of 94.14. It is expected the price will fall back to the green ascending line at around 92.62 level before going up. The corrective Wave B will target on 95.89 level