Neon

DXY Roadmap Nov 2016

INDEX:DXY   U.S. Dollar Index
271 0 5
Countdown to top - last few month before surprising/long correction
Comment: The doves Dudley and Yellen will speak tomorrow, expect USD reaction
Comment: Some corrective action/consolidation before final up into 1Q17
Comment: Tomorrow ECB meeting and FED next week. SO far DXY is correcting well, still could reach 99.40 on the downside before FED meeting
Comment: Target range here on the upside is 103/105
Comment: Upside Extension into 108/109
Comment: Appears quite complex lower degree Wave 4 forming, looks like widening triangle
Comment: Best is over, expect one final rise that could form marginal new high >103.80 at best. Expect low 90s into later part of 2017 before next upleg into 120
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