DXY Video – Bearish Minute 5 – End of Down-Trend
DXY Wave Count is suggesting that the Dollar Index could start falling soon.
Technical Tools pointing towards this view:
- 38.2-50% Fibonacci Retracements of Minute III (red)
- 161.8-200% Fibonacci Extensions of Minuettes (a) & (b) (orange
- Bearish Divergence at the upper trend-line of the Declining Channel
- Vibration Levels of previous Sideways Correction (triangle)
For trading opportunities please see “Dollar Weak – Metals Bullish – EUR/USD Bullish” post.