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Kaustubh
Jul 6, 2015 12:49 PM

Dollar index at inflection point Long

US DOLLAR CURRENCY INDEXINDEX

Description

The pennant on the chart is on the verge of a break.
Proceed with caution as one needs to wait for the confirmation yet.
But the price action and the fundamental factors/ economic noise around looks ripe to push this above.

If confirmed, we should see a good rally towards 100 level.
Implications: Commodities will suffer (Read: oil and gold)
Fed hike will be postponed if the move happens to be swift and decisive.
Comments
CoinedByCrypto
I see this pennant and therefore what you see now
Kaustubh
Thanks Lawrence. Nice to see some Elliot wave analysis on this.
CoinedByCrypto
Thank you2!
ManojKumarShaw
Sir us dollar index is weak.

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