Elliott Wave Forecast

We provide Technical Analysis and Signals for Most Popular World Markets including Forex, Commodities, Indices, Stocks, ETFs and Bitcoin based in Elliott Wave Theory.

Elliott Wave Analysis: Dollar Index (DXY) Remains Bullish

Elliott Wave Analysis: Dollar Index (DXY) Remains BullishShort term Elliott Wave view in Dollar Index suggests rally to 105.78 ended wave (1). Wave (2) pullback ended at 103.41 with subdivision as a zigzag Elliott Wave structure. Down from wave (1), wave A ended at 104.66 and wave B ended at 105.49. Index extended lower in wave C towards 103.41 to complete wave (2). Index has resumed higher in wave (3), but it still needs to break above wave (1) at 105.78 to validate this view and rule out a double correction in wave (2).

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