DXY-Elliott Wave update

     
            I think US Dollar's downtrend is already done for now. According to my EW count we have five clear waves downside  completed, which completes the A,B,C pattern - called "expanded flat" of larger degree (primary). At the bottom the bulls were over 90 %, which was one of the signs of trend reversal. Few weeks ago  i pointed  reversal area- about 74,17, and I was very close, it stuck at 74,23 and bounced up to make it's first impulsive wave up. Correction after the 1st  wave is already  on the way , reaching 76,58 area, will suite my ego. There is one of the Pivot points, which is right in the middle between 38.2% and 50.0% Fibo retracement. Still hasn't reached 38.2 % Fib. 

DXY - USD Index - update

I think US Dollar's downtrend is already done for now.According to my EW count we have five clear waves downside  completed, which completes the A,B,C pattern - called "expanded flat".At the bottom the bulls were over 90 %. In my post - Nov 25th  i pointed  reversal area- about 74,17, and I was very close, it stuck at 74,23 and bounced up to make it's first wave up.A small correction is expected next few days, reaching 75,49 area, where is 50% Fibo retracement,  and then up again.

Good luck!

DXY - USD Index - Falling Ending Diagonal

Sorry, i didn't have time yesterday for more charts.

But US Dollar Index seem to form an "ending diagonal".

It is expected to reverse according to most of the technical theories.

Also the sentiment indicators are very bearish (over 90%).It means that very soon there will be no buyers.

I pointed one of the potential Pivot points which might be the key level for reversal.