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Bandarsq
May 26, 2016 9:22 AM

DXY Targets Lower Levels Short

U.S. Dollar Currency IndexTVC

Description

DXY reached the end of its impulse wave and now targets 94.2.

Comment

Major uptrend is broken again after extreme pullback.

Trade closed: target reached

Done :)
Comments
webmiztriz
excellent. :) Do you have an update on this ... I am very interested in a longer term view/ count if you have one. thank you very much. :)
Bandarsq
You're welcome. I have this scenario as long the last low, 91.919 holds.

nahidik
You could be right but I am also wary of the last correction being the only one and a big move up.
Bandarsq
I think it's loosing steam as mentioned in your chart :)
Little more time to confirm it.
LahomaBearbowe1
es seem to be turning out good for me
Nightstar
Great looking chart but with today's 'half cycle low', I think the Dollar will tag 96 first before we see any kind of significant pull-back.. probably next week around the US employment report :)
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