the above structure reflects my view of the US Dollar Index ( DXY ).
100SMA supported the bull run started in 2014. 350SMA supported the impulse 12345 following Trump's election.
Structure since 2015 may be a wave 2 shaped as a that looks like a with descending neckline.
Since Mid Nov'18 hights made by are diverging with hights made by Index.
Last Wednesday Week11 Jerome Powell confirmed that no rate hikes are expected this year. During and after FOMC meeting DXY moved down briefly below 96 to recover just above 96,55.
Now I have to work on the hourly chart to prepare for week12.
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Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.