Is the dollar index DXY forming a crab harmonic pattern in anticipation of good unemployment data? Given very positive employment data on ADP Nonfarm Employment Chage with came out 246k vs a forest of 165k and the better than expected Jobless Claims number of 246k vs 250k forecast; the DXY seems posed to make a bull run if the Unemployment Rate beats the forecast of 4.7% today Friday 2nd.
If it does in fact beat the forecast, we could see bull run until the 102.00 range.
If it does in fact beat the forecast, we could see bull run until the 102.00 range.
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Nailed the bull run, pattern not completed.