Elliott wave analysis 16-03-18 – Dollar Index (DXY) – Bearish Corrective Structure “winking” at 87.30

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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:

Elliott wave analysis 16-03-18 USDJPY 2H

USD/CHF – 2H Chart:

Elliott wave analysis 16-03-18 USDCHF 2H

Many pips ahead!

RT

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