Commentary Topic from greenfaucet
Today, I am looking at the DX (US$ Index) from the technical perspective.
Figure 1 is a Monthly chart (Nearest Futures Month) of the DX (US$ Index). My preferred view is the DX is in process of completing either:
A 4-wave continuation triangle or
A 5-wave change in trend triangle.
If (1) is correct then Figure 2 shows there are three ideal zone terminations: