Elliott wave analysis 16-03-18 – Dollar Index (DXY) – Bearish Corrective Structure “winking” at 87.30
Dollar Index (DXY) current Wave Count and labeling of the Corrective Structure points towards a possible Double Three scenario, in which DXY could be poised for further weakness ahead.
The screen-shot below contains an in-depth view and multiple explained facts, from an Elliott Wave and technical standpoint.
DXY – 2H Chart as shown above.
During the current market conditions and uncertainty caused by Fundamentals, investors seem to be heading towards more of a safe-haven assets and currencies.
USD/JPY – 2H Chart:
USD/CHF – 2H Chart:
Many pips ahead!