DXY Long Term

Dollar Index – Bears to push the market even lower – December 29th, 2020

Dollar Index, Daily chart. The outlook remains bearish. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming weeks.

Dollar Index, 4H chart. Wave 4 have been finished as a double zigzag pattern. If so, the current decline is wave 5. If correct, after a short break, the price should continue unfolding wave ((v)) of 5.

Dollar Index – Bears to push the market even lower – December 22nd, 2020

Dollar Index, Daily chart. The outlook remains bearish. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming weeks.

Dollar Index, 4H chart. Wave 4 have been finished as a double zigzag pattern. If so, the current decline is wave 5. If correct, after a short break, the price should continue unfolding wave ((v)) of 5.

Dollar Index – Bears to push the market even lower – December 15th, 2020

Dollar Index, Daily chart. The outlook remains bearish. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming weeks.

Dollar Index, 4H chart. Wave 4 have been finished as a double zigzag pattern. If so, the current decline is wave 5. If correct, after a short break, the price should continue unfolding wave ((iii)) of 5.

Dollar Index – Bears to push the market even lower – December 8th, 2020

Dollar Index, Daily chart. The outlook remains bearish. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming weeks.

Dollar Index, 4H chart. Wave 4 have been finished as a double zigzag pattern. If so, the current decline is wave 5. If correct, after a short break, the price should continue unfolding wave ((iii)) of 5.

Dollar Index – Bears to push the market even lower – November 29th, 2020

Dollar Index, Daily chart. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming weeks,

Dollar Index, 4H chart. Wave 4 might have been in place as a double zigzag pattern. If so, the last decline is the first wave of wave 5. If correct, after a short break, the price should continue unfolding wave ((iii)) of 5.

Dollar Index – Exploring both scenarios – November 23rd, 2020

Dollar Index, Daily chart. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming days.

Dollar Index, 4H chart. Wave 4 might have been in place as a double zigzag pattern. If so, the last decline is the first wave of wave 5. If correct, after a short break, we’re going to have a third-wave decline.

Considering the Bullish alternative scenario (see below) we should wait for a three-wave advance for wave ((ii)) and the first wave towards wave ((iii)) as confirmation for the main outlook.

If the price continues moving up in the coming hours, the bearish outlook will be at risk.

! Bullish Alternative Scenario !
At the same time, we can’t rule out that wave 1 has finished already. In such a case, we could be at the early stages of a second-wave correction. A break of 94.300 will bring more evidence for this scenario.

Dollar Index – Exploring both scenarios – November 16th, 2020

Dollar Index, Daily chart. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming days.

Dollar Index, 4H chart. Wave 4 might have been in place as a double zigzag pattern. If so, the last decline is the first wave of wave 5. If correct, after a short break, we’re going to have a third-wave decline.

Considering the Bullish alternative scenario (see below) we should wait for a three-wave advance for wave ((ii)) and the first wave towards wave ((iii)) as confirmation for the main outlook.

If the price continues moving up in the coming hours, the bearish outlook will be at risk.

! Bullish Alternative Scenario !
At the same time, we can’t rule out that wave 1 has finished already. In such a case, we could be at the early stages of a second-wave correction. A break of 94.300 will bring more evidence for this scenario.

Dollar Index – Exploring both scenarios – November 9th, 2020

Dollar Index, Daily chart. The market has been declining since wave C of (B) finished. It’s still possible that wave (C) hasn’t been finished yet and we could have the rest of wave 5 in the coming days.

Dollar Index, 4H chart. Wave 4 might have been in place as a double zigzag pattern. If so, the last decline is the first wave of wave 5. If correct, after a short break, we’re going to have a third-wave decline.

Considering the Bullish alternative scenario (see below) we should wait for a three-wave advance for wave ((ii)) and the first wave towards wave ((iii)) as confirmation for the main outlook.

If the price continues moving up in the coming hours, the bearish outlook will be at risk.

! Bullish Alternative Scenario !
At the same time, we can’t rule out that wave 1 has finished already. In such a case, we could be at the early stages of a second-wave correction. A break of 94.300 will bring more evidence for this scenario.

Dollar Index – Fourth wave to continue – November 2nd, 2020

Dollar Index, Daily chart. The market has been declining since wave C of (B) finished. It seems like a bearish impulse for wave (C) hasn’t been finished yet. If correct, after a short break, we’re going to have a new local low.

Dollar Index, 4H chart. Wave 4 is likely taking the form of a triangle. This scenario will be in force as long as the price remains below 94.74. Wave ((c)) is almost over, so wave ((d)) should begin shortly.

Scroll to Top