Sunday, 26 January 2020

US Dollar Index, DXY (updated 14th Feb)

Update 14th Feb:
The corrective extends the abc pattern as it heads for the 1.62 marker. 




From 6th Feb:
From one neat pattern another develops. Assuming that this is a correction. But the impulsive case also runs and is driven on by a black swan.



From: 28th Jan
The development of the chart beyond the channel boundary is addressed by identifying the abc pattern where each motive leg is a 1.62 extension. 



From 26th Jan
These charts indicate that the bear cycle of DXY has entered the Primary [C] wave. The daily chart points to another leg down required to complete the Minute A of the Intermediate (A).


The weekly view shows the entire bull cycle of 5 primary waves leading to the cycle degree correction that must continue by means of further weakening.





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