INDEX:DXY   US Dollar Currency Index
89 1 0
...
Update DXY
snapshot

The measured move of the double top would be confirmed by AB=CD (purple), which would lead the DXY to the base of the Ichi cloud at 0.382 FIb (June 2010 High - May 2011 Low).
Note MACD is crossing the signal line.

Independent of all the taper talk, you can see that DXY has flipped alternatively between the red channel and the yellow one quite regularly for 2 years and atm it seems that it's going to spend some vacation within the red channel, maybe as long as Ben is still with the Fed.

Should this play out, I'd expect some sort of same ranging behaviour for EUR and Cable and other USD pairs.

There's a possible 3 Drives pattern but it's too early to say.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out