U.S. Dollar IndexShort
Dollar Technical analysis
The dollar index has broken from the the ascending triangle, as suggested by us.
It has formed an elliot wave and is due for an ABC correction.
Hence we expect the pair to face resistance at the fib extension value of 2.618 and head south to broken resistance.
It has formed an elliot wave and is due for an ABC correction.
Hence we expect the pair to face resistance at the fib extension value of 2.618 and head south to broken resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.