Trendhopper

DXY (DOLLARINDEX) - Crossing Channel

TVC:DXY   Indeks Dollar A.S.
DXY is bearish , although currently is a corrective 4th wave of a 5th wave within a 4th wave correction of a 5 wave pattern, confusing eh?, I think we may see a head and shoulders (follow the arrows) to finish this phase, I'm seeing an end to this phase around 6-9 April and a resumption of the down trend (wave 5)within the channel. if this analysis is correct this should be the end to falling oil and indices and start of a new bullish phase through to August/September. Whilst I no longer trade due to corruption in the Forex marketplace (false prices quotes, getting stopped out prematurely etc.), I still keep an interest!
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