Dollar looks into the sky
There is much noise about dollar losing its king status in the world.
The drop in the yellow wave b within a correction could have spurred that speculation.
You can see that it was a natural move to retest broken former barrier.
It was successfully rejected as the price bounced up quickly.
The target for the next move could be around $125
where yellow wave c will be equal to yellow wave a.
The next possible target is around $141
where yellow wave c will be equal to 1.618 of yellow wave a.
Where do you think DXY would go next?
-$125
-$141
-down
The drop in the yellow wave b within a correction could have spurred that speculation.
You can see that it was a natural move to retest broken former barrier.
It was successfully rejected as the price bounced up quickly.
The target for the next move could be around $125
where yellow wave c will be equal to yellow wave a.
The next possible target is around $141
where yellow wave c will be equal to 1.618 of yellow wave a.
Where do you think DXY would go next?
-$125
-$141
-down
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.
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.