• Forex Analyst

Dollar Index Charts



Dollar Index 1 Hour Chart

Tuesday, 24 November 2020 at 06:41 GMT


No changes.

DXY might have completed a complex W)-X)-Y) correction in wave 4, which means that wave 5 can be already underway if we consider that drop is unfolding impulsively from 94.31 level. As such, be aware of more weakness within a wave 5, which can be accompanied by temporary pullbacks.

Dollar Index 4 Hour Chart

Wednesday, 25 November 2020 at 07:22 GMT


DXY might have completed a complex W)-X)-Y) correction in wave 4, which means that wave 5 can be already underway if we consider that drop is unfolding impulsively from 94.31 level. As such, be aware of more weakness within a wave 5, which can be accompanied by temporary pullbacks.

Alternate scenario suggests an Elliott wave ending diagonal to be underway, down from 94.75 level, labelled as wave 5.

Dollar Index

Daily chart

Nov 22 2020


Count #1 on USD index suggests price to be trading in a sharp correction, labelled as an A-B-C move. At the moment we are observing a sub-wave 5 of C to be underway, targeting the Fib. ratio of 138.2/161.8 (90.8/89.9 region).

Count #2 is unfolding a bearish impulse; price is now unfolding a wave 5, targeting the 90.0 region.

COUNT #2