Quotes Dollar Index DXY tight test area 97, but here goes the resistance line of the descending pattern Wolfe waves. Therefore, in the near future we may see an attempt to fall in the dollar against all currency pairs within the working out of this model.
Dollar Index forecast on July 25, 2016 — July 29, 2016
Moreover the model indicates a decrease in the dollar index to below 91. An additional signal in favor of the beginning of the DXY index quotations fall is the test of the descending trend line on the indicator of relative strength. Here we also see that this line already gave signals to continue falling and the dollar index continued to fall, and repelled. Cancellation option will drop DXY quotations strong growth and penetration level of 99, which indicates the potential growth in the area of a local maximum.
Dollar Index forecast on July 25, 2016 — July 29, 2016 suggests quotations falling attempt within the mining bearish wave Wolfe, but it is important to understand that working out such a model can take a long time.
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