DXY might bounce up to form a right shoulder here (2017-01-18)

U.S. Dollar Currency IndexTVC

Description

⋅ Jan 18, 2017 9:25 AM

DXY had a sharp decline last weeks and came to the previous consolidation area. It might bounce here to form a right shoulder, which will be wave B.

Good luck for everyone!

Comment

⋅ Jan 26, 2017 5:49 PM

USdollar's rebound starts. It will affect gold, silver heavily. As gold, silver and other metals start pull back, oil will be in a buy mode.

Comment

⋅ May 24, 2017 9:45 AM

Target for neckline breakdown is done. DXY might pull back up for a while. Watch carefully.

Comments

RogerS

⋅ Jan 18, 2017 9:35 AM

Same here ... The retrace up of the dollar will give few days for Gold to breath and create the DCL. Once DXY breaks the neckline it might be a waterfall (it might happen at the first missed rate hike in January)

RogerS

⋅ Jan 18, 2017 9:35 AM

zhipengcfel

⋅ Jan 18, 2017 9:38 AM

@RogerS, Agree. Thanks for sharing.

RogerS

⋅ Jan 18, 2017 9:40 AM

Sorry, I meant in 1st February