This is a classic flag, FED will rise rates next year but not in 2015. Trading with ranged zone, avoid trended strategy. Be careful with EURO , it could have more easing policy in 2016. Technically point A could be a truncation, equal wave could be truncated. But if 93 is broken DXY will fall to 90 then a nice buying there.
Comment: Watch out, could break out today. Forming that bigger triangle.
Comment: Big triangle almost completed, watch USD/CHF 1.0100-1.0200 area for a big retrace. I'm wonder is there anyone following me and never looked at this? Only 1 like? I can't believe that!
Comment: Double harmonic buttefly formed in daily and weekly. Be careful here now. A butterlfy is a usually seen pattern from chart USDJPY or DXY because DXY is correlated. Nikkei as well too.
Comment: A new high will be there for Chrismas gifts here. EURO new low is a washing out.
Comment: This is what’s happening. 96- 97 could support it. But if FXCM USdollar index broken 12040 I will reconsider this chart for a range between 88- 100 in 2016 as a correlation with my EURUSD analysis “ranges more ranges”.
Comment: Thank you for your likes!