Sunday 1 May 2016

US Dollar Index - update

This is in continuation of the earlier post on (5/2/2016). There it was expected that the DXY will have more up move to complete wave (5). But now it appears that wave (5) might have completed as a truncated wave 5 on 21/1/2016 at 99.94.

Looking at the long term chart it appears like the prices are moving in a triangle pattern. Now going forward there seems to be two possibilities long term, as shown on the chart below shown in red and blue.

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