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.

US Dollar Index, DXY

This daily chart for DXY continues to indicate the probability of the commencement of the [C] wave of the Cycle degree correction. 

US Dollar Index, DXY

This daily chart of DXY is counted two ways. Both methods point to the high being in.  Clearly the (B) wave count has more affinity with the universal nature of things.

Below: This monthly OEW analysis puts the above in the follow-on of two double zigzags spanning over 25 years which have comprised most of the the Supercycle bear trend. The completion of the final wave is expected going forward.

US Dollar Index, DXY

Regardless of whether this is wave [B] or wave [1] there would appear to be a breakout coming soon.

DXY - US Dollar Index

This weekly chart identifies the obvious impulsive nature of Primary wave [1] along with the unconfirmed Minor B-wave of the expected Intermediate (A) leg of Primary wave [2].

LINK:  Gold $US charts