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TerryHarmonicTrading
Jan 18, 2017 8:33 AM

DXY - Further correction expected on the USD 

US DOLLAR CURRENCY INDEXINDEX

描述

Hey guys, The US Dollar index (DXY)charts are telling me about further corrections on the USD.

I expect USD to continue weakening to around 98 before resuming its uptrend.

Expect US stocks to also correct together with this before we scoop them up at the low again.

My prediction will be Trump's talk will lead to a temporary drop in the stock market but overall for year 2017, my outlook remains very bullish on the US market.

Short Term
USD weakness till 98
评论
BBtrade618
Do you have an analysis on euro/usd forex pair as well? Or does this analysis imply a stronger euro till index reach your target?
zhipengcfel
It might make a right shoulder in short term rather than a quick drop imo.
TerryHarmonicTrading
@zhipengcfel, possibly a lower high before a drop, totally possible. Will be scooping it up when it hits the lows. Nothing at the moment.
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