DXY Long Term

Dollar Index – Upward correction to move on – March 12th, 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.

Dollar Index – Fifth wave to move on – February 26th, 2021

The last decline in three waves highlights an option to have a larger correction, possibly wave 2 in the form of a double zigzag. If so, the market should go through the high of wave ((w)). As long as the price remains above the low of wave ((x)), this scenario will be in force.

Dollar Index – Fifth wave to move on – February 19th, 2021

The last upward price movement appears to be a three-wave structure, probably a double zigzag, which supposed to be wave ((ii)) of 5. If correct, we’re likely at the early stages of wave ((iii)). As shows on the 4H chart, wave (ii) might have been in place, so the third wave of wave ((iii)) is ready to go.

Dollar Index – Fifth wave turns out to be longer – February 12th, 2021

The last upward price movement appears to be a three-wave structure, probably a double zigzag, which supposed to be wave ((ii)) of 5. If correct, we’re likely at the early stages of wave ((iii)). As shows on the 4H chart, bears should finish wave (i) shortly and then there’ll be a moment for the second wave of wave ((iii)) to begin.

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