US Dollar Index potential top in place at 96.16
The US Dollar Index managed to print a marginal high at 96.16 levels yesterday before reversing sharply lower. It seems that Wave B (an expanded flat), might have terminated at 96.16 levels yesterday and Wave C lower could now resume towards 93.00, 92.00 and even lower levels respectively. Please also note that the US Dollar Index has taken out initial support at 95.70 levels. We could expect an intraday rally towards 95.80/96/00 levels before bears are back into control. Looking at the wave count, a smaller degree wave i can be presumed lower for now(not labelled here). We maintain our potential medium term bearish outlook for now.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.