elevatedinvestor

DXY Making a Choice

TVC:DXY   U.S. Dollar Index
DXY formed a bearish harmonic, we are approaching the inner resistance on the monthly bullish channel. We have three bearish candlestick patterns also forming three peaks. The yellow zone is where price will make a decision. I think we might still a drop in December as it is that time of the year (Holiday Season) but it will be interesting to see what happens in January. It will really give a good idea of what 2019 will have in store, but for now, I'm not expected to much movement from the dollar for the next week or two as far as a range goes....should be pretty tight.

One,


-G

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