USD update az EWI-től:
The Dollar Index satisfied minimum expectations by pushing above 86.75. The 5-wave advance from May and the momentum divergence accompanying the fifth wave warn upside potential is shrinking. The risk is shifting to the downside.
Just a correction of the advance could visit the area of the fourth wave of one lesser degree which extends to 84.47. The fourth wave of one lesser degree often acts as support. But a correction could seek lower levels. It should prove the largest retreat since May and will come at a time when many are finally willing to accept the dollar is headed higher.
The alternate count suggests wave (iv) is still unfolding. The overlapping rise would represent wave b of a flat or triangle. Both scenarios would take more time but would not alter the bullish outlook that calls for a new high.
A triangle would result in a sideways consolidation above 84.47 in waves c, d, and e. The dollar would subsequently stage a thrust from a triangle that would make the anticipated new high. A flat would result in a wave c decline below 84.47 before wave (v) started.
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The Dollar Index satisfied minimum expectations by pushing above 86.75. The 5-wave advance from May and the momentum divergence accompanying the fifth wave warn upside potential is shrinking. The risk is shifting to the downside.
Just a correction of the advance could visit the area of the fourth wave of one lesser degree which extends to 84.47. The fourth wave of one lesser degree often acts as support. But a correction could seek lower levels. It should prove the largest retreat since May and will come at a time when many are finally willing to accept the dollar is headed higher.
The alternate count suggests wave (iv) is still unfolding. The overlapping rise would represent wave b of a flat or triangle. Both scenarios would take more time but would not alter the bullish outlook that calls for a new high.
A triangle would result in a sideways consolidation above 84.47 in waves c, d, and e. The dollar would subsequently stage a thrust from a triangle that would make the anticipated new high. A flat would result in a wave c decline below 84.47 before wave (v) started.
link
Arany-Ezüst