The USD has been in a long term channel dating back to 1985 , with 3 Primary waves completed A - C.
The current primary wave started in 2008 , think GFC. Since then there seems to be 4 minor waves completed in early 2018 , within the progressing D wave.
The 5th minor wave has seen price consolidate over the last year between the 200MAV and the monthly Pivot Point.
Volatility is approaching the lows of 1996,2007 , 2014 . This volatility may proceed a little lower , but not for much longer ( months) .
A reasonable projection for the 5th wave completion is in region of .782 fib retracement of Primary wave C and top of channel .
I am bullish on this currency and will continue to be until 110.....
The current primary wave started in 2008 , think GFC. Since then there seems to be 4 minor waves completed in early 2018 , within the progressing D wave.
The 5th minor wave has seen price consolidate over the last year between the 200MAV and the monthly Pivot Point.
Volatility is approaching the lows of 1996,2007 , 2014 . This volatility may proceed a little lower , but not for much longer ( months) .
A reasonable projection for the 5th wave completion is in region of .782 fib retracement of Primary wave C and top of channel .
I am bullish on this currency and will continue to be until 110.....