USDX Daily

At the beginning of 2018 futures on the dollar index completed a large wave of primary degree. This can be a third wave, and wave C. Now follows the fourth wave or a large bearish trend A-B-C (in a circle).

The fourth wave can not fall below the level of 89.25, this is its critical level. The main scenario is a price decrease to the level of 89.25, possibly its breakdown and then corrective growth by wave B (in a circle). Finals of waves A and B (in a circle) are drawn approximately and show only the nature of the corrective movement.

In early 2017 futures of the dollar index completed a large third wave. Now its correction will follow, which will tend to approach the lower line of the ascending channel.

In form, it will be either a triangle or a zigzag, the ending of which will not go below the level of 89.25. When the wave (B) is formed, bright and disturbing events are possible, but they will not affect the movement of the DX, and it will not go above the maximum of 103.82. The finals of waves (B), (C), (D), [4] are drawn approximately and show only the nature of the corrective movement.