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zhipengcfel
Jun 8, 2017 2:55 PM

DXY elliott wave analysis updates (2017-06-08) 

U.S. Dollar Currency IndexTVC

Description

The head and shoulder pattern in DXY was confirmed and went down to 96.51 for last months.

The falling down was first a leading diagonal pattern and then a short-term B wave bounce and C sharply down.
The HS pattern target was hit.
It might have a short-term bounce here to retest the diagonal bottom line. And then another big down after the short-term bounce.

Good luck for everyone!


Trade closed: target reached

Comments
maksoy
Hi Sir...

Your analysis is important for me.
Will you update your DXY analysis, perhabs EURUSD analysis.

Thank you for your interest.
zhipengcfel
@maksoy, Thanks for your comment. DXY is on the way to 93 in the long run. I would suggest to sell the bounce for DXY as before.
maksoy
@zhipengcfel, Thanks Sir.
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