US Dollar Index need to break below 95.65 to accelerate
The daily chart for US Dollar Index has been presented here with most probable wave counts, and also to have a re-look at the bigger picture. Please note that the US Dollar Index had produced an impulse rally between 88.30 through 97.00 levels respectively as labelled here. The subsequent drop towards 93.80 levels is seen to have unfolded into 3 waves hence could be labelled as wave (A). Furthermore, the rally through 97.70 could be considered as Wave (B), leaving us with a potential drop for Wave (C) towards 96.00 or 93.80 levels going forward. It remains to be seen if the existing structure would unfold as an expanded flat or a triangle and we would present accordingly as price action unfolds.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
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