The daily chart view for US Dollar Index might be suggesting that a top could be in place around 96.95/97.00 levels yesterday. The ending diagonal view presented yesterday has been changed to the most probable count for wave (5) termination. Lower degree counts are suggesting 5 waves push from wave (4) on the chart displayed here and hence it would be safe to assume a potential termination of wave (5). Also note that the US Dollar Index might be underway to produce an Evening Star bearish reversal signal, which could be an indication that a counter trend drop (A-B-C) might be underway. The potential region for the corrective drop to terminate has been highlighted between 92.50/93.00 levels here.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.