U.S. Dollar IndexShort
DXY Technical analysis
The daily chart of the dollar index has formed a Full Elliot Wave.
It is due for a correction in the form of ABC Wave.
Also there is a possible double top pattern forming in the counter.
The pair has also formed a evening star pattern in the candlestick.
So as per the above analysis,we can expect a strong a downside in the Dollar index.
It is due for a correction in the form of ABC Wave.
Also there is a possible double top pattern forming in the counter.
The pair has also formed a evening star pattern in the candlestick.
So as per the above analysis,we can expect a strong a downside in the Dollar index.
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