salsapete
Long

US Dollar - top of channel @ 110

TVC:DXY   U.S. Dollar Currency Index
The USD has been in a long term channel dating back to 1985 , with 3 Primary waves completed A - C.

The current primary wave started in 2008 , think GFC . Since then there seems to be 4 minor waves completed in early 2018 , within the progressing D wave.

The 5th minor wave has seen price consolidate over the last year between the 200MAV and the monthly Pivot Point .

Volatility is approaching the lows of 1996,2007 , 2014 . This volatility may proceed a little lower , but not for much longer ( months) .


A reasonable projection for the 5th wave completion is in region of .782 fib retracement of Primary wave C and top of channel .

I am bullish on this currency and will continue to be until 110.....




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