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CurrencyWaves
Apr 10, 2017 2:55 AM

DXY should see small pullback soon 

U.S. Dollar Currency IndexTVC

Description

DXY is approaching trend lines on both price and RSI. I am looking for a pullback toward 100.00 before higher.
Comments
kunsan
I see that start of a large rising wedge. The rise from 90/4 was 'a'. The recent consolidation from 104 back to 99 was likely wave 'b'. Looking for an eventual rise to 108 or possibly 120. Will likely take a long time and require several overlapping waves.
kunsan
Nice chart. The latest rise looks like a small five.
CurrencyWaves
@kunsan, yep...you can see a small 5 down on 15mn so possibly an a wave down of correction.
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