TVC:DXY US Dollar Currency Index
I titled my publishing as such because it looks as if the US Dollar may resume it's (my guess is after December elections). Keep in mind this is a weekly chart, thus every open and close represents an entire trading week. I'm no Theory professional and drew the waves as a loose indicator of where we are, I'm a fan of Fibonacci retracements and as well. To me it looks like we've had a pretty clear run in the dollar from July 2013 until a peak in early 2015 at which point we entered a complex correction and in my opinion it can be broken down to an a, b, c, d, e at the highest level. As you can see, my 'e' leg has channeled down and recently retested the .382 fib level and is now hitting channel resistance. I'm confident this is and will continue to lead to false signals right before the election as the dollar will become over the coming weeks as my black drawn line indicates. Once support converges at the .382 for a final test the dollar should break out bullishly and the markets should have a precipitous correction across the board.