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fredericpelletiercote

Retest is done, now it's time to go up!

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US DOLLAR CURRENCY INDEX (INDEX:DXY)  
fredericpelletiercote  
INDEX:DXY   US DOLLAR CURRENCY INDEX
Trend Analysis Chart Patterns Wave Analysis DXY
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trendanalysis chartpattern waveanalysis dxy
DXY relies at a crucial point right now. We could see a huge movement to the upside following this last fib 61.8 retest. It will be important to see how the US dollar moves today and for the remaining of the week. A break of the trendline could also be the start of an enormous downside move but as I said I'm bullish on this one. Next target should be at least 98.5 but we could eventually see the DXY going as far as 100!
This should lead to multiple occasions on the US pairs.
Cheers!
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