Neon

DXY Roadmap Nov 2016

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INDEX:DXY   US DOLLAR CURRENCY INDEX
5
Countdown to top - last few month before surprising/long correction
Commento:
The doves Dudley and Yellen will speak tomorrow, expect USD reaction
Commento:
Some corrective action/consolidation before final up into 1Q17
Commento:
Tomorrow ECB meeting and FED next week. SO far DXY is correcting well, still could reach 99.40 on the downside before FED meeting
Commento:
Target range here on the upside is 103/105
Commento:
Upside Extension into 108/109
Commento:
Appears quite complex lower degree Wave 4 forming, looks like widening triangle
Commento:
Best is over, expect one final rise that could form marginal new high >103.80 at best. Expect low 90s into later part of 2017 before next upleg into 120
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