Dollar Index – Weekly Analysis
Those who followed our alert on July 18th were well prepared for the current rally. The index perfectly hit our $99 bottom target, which we set in January, and advanced more than 4%.
Today we discuss the probabilities for a possible reversal.
This report is part of our Strategy Pack which provides analytics for Treasuries (#US10Y, $TLT, $IEF), US Dollar Index ($DXY), Volatility Index ($VIX), and Baltic Dry Index ($BDI). The weekly reports focus on analysis of recent technical signals and events, interpretation of candles and candle structures on various frames, and projection of targets using Elliott Wave and Fibonacci theories.