Talking Points:
We keeping our primary analysis posted earlier month and considering correction over in dollar index. With that we are looking for gathering more evidence for bullish impulse count. First confirmation received after weekly close above flat correction channel. Followed by bearish triangle trendline, which confirm that dollar indices is in bullish trend and will continue near future. Same was confirmed in EURUSD and other dollar basket currency pairs.
- DXY Technical Strategy: Bullish
- Elliottwave Count: We are confirming flat correction here, and looking for impulse count
We keeping our primary analysis posted earlier month and considering correction over in dollar index. With that we are looking for gathering more evidence for bullish impulse count. First confirmation received after weekly close above flat correction channel. Followed by bearish triangle trendline, which confirm that dollar indices is in bullish trend and will continue near future. Same was confirmed in EURUSD and other dollar basket currency pairs.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
