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February 2nd, 2017: US Dollar Index (DXY) Chart Update

Posted by pugsma on February 2, 2017

The US Dollar Index DXY has retraced just past the 38% Fib to 99.44 for the minor 4 of major [5]-P3 wave.  Note that waves 4’s often retrace to the wave 4 of previous degree, which was minute (4) of minor 3 at 99.43.  The minor 5 = 1 target is 105.10.  As long as wave minor 4 remains above the minor 1 high at 97.57 this wave count remains valid.

DXY daily chart:


DXY weekly chart:


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