DXY Long Term

Dollar Index Long Term: Second wave to continue

It seems like wave (2) is taking the form of a double zigzag correction. If correct, the market is going to continue unfolding wave Y in the coming days. In this case, the price should break the high of wave W before a third-wave decline begins.

Dollar Index Long Term: A third-wave decline might be at the early stages

It seems like wave (2) might have been in place, so we could be at the beginning of wave (3). If correct, the market should break the low of wave (1) in the days to come. At the same time, we can’t rule out that wave (2) might be a little bit longer, possible as a flat pattern. We will continue considering this option in intraday updates as an alternate scenario.

Dollar Index Long Term: A third-wave decline might be at the early stages

It seems like wave (2) might have been in place, so we could be at the beginning of wave (3). If correct, the market should break the low of wave (1) in the weeks to come. At the same time, we can’t rule out that wave (2) might be a little bit longer, possible as a flat pattern. We will continue considering this option in intraday updates as an alternate scenario.

Dollar Index – Upward correction still underway – April 1st, 2021

It seems like wave 2 is taking the form of a double zigzag. As shown of the two-hour chart below, wave (b) of ((y)) is over, so the market is unfolding wave (c). At the smaller degree, there’s an ongoing bullish impulse for wave (c) of ((y)). In this case, we’re likely going to have the rest of wave iv of (c) before another bullish impulse begins.

Dollar Index – Upward correction still underway – March 31st, 2021

It seems like wave 2 is taking the form of a double zigzag. As shown of the two-hour chart below, wave (b) of ((y)) is over, so the market is unfolding wave (c). At the smaller degree, there’s an ongoing bullish impulse for wave (c) of ((y)). In this case, we’re likely going to have the rest of wave iii of (c) before a local bearish correction begins.

Dollar Index – Upward correction still underway – March 30th, 2021

It seems like wave 2 is taking the form of a double zigzag. As shown of the two-hour chart below, wave (b) of ((y)) is over, so the market is unfolding wave (c). At the smaller degree, there’s an ongoing bullish impulse for wave (c) of ((y)). In this case, we’re likely going to have the rest of wave v of (c) before a bearish correction begins.

Dollar Index – Upward correction still underway – March 29th, 2021

It seems like wave 2 is taking the form of a double zigzag. As shown of the two-hour chart below, wave (b) of ((y)) is over, so the market is unfolding wave (c). At the smaller degree, there’s an ongoing bullish impulse for wave (c) of ((y)). In this case, we’re likely going to have the rest of a fourth-wave correction before wave v of (c) begins.

Dollar Index – Upward correction is underway – March 26th, 2021

It seems like wave 2 is taking the form of a double zigzag. As shown of the two-hour chart below, wave (b) of ((y)) is over, so the market is going to continue unfolding wave (c). In this case, we’ll likely seen the price a little bit higher next week. At the same time, the opportunity to have bullish wave (c) of ((y)) remains on the table.

Dollar Index – Upward correction to move on – March 21st, 2021

It seems like wave 2 is taking the form of a double zigzag. As shown of the two-hour chart below, wave (a) of ((y)) is over, so the market is going to continue unfolding wave (b). In this case, we’ll likely seen the price a little bit lower next week. At the same time, the opportunity to have bullish wave (c) of ((y)) remains on the table.

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