CJ_pips

Long Term US Dollor Analysis

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INDEX:DXY   US DOLLAR CURRENCY INDEX
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'Looks like the US Dollor is about to have a reversal. Wave "c" looks about compete with 5 waves going into a major supply level. This big "abc" pattern looks very similar in time and shape to the one we had from 1992-2001. Sentiment about the dollor is very bullish with trump and the raise in interest rates but you would be buying at a top where we see banks are selling, remember who is selling it to you. watch for the sell into 2017!!

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