Elliot wave analysis with trend channels. No major news tomorrow. Increased yields and decreased gold, spotprices, may set up a bull DXY.
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We're below the bearish trend line.
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It's trending slightly above the blue dotten line and have not yet finished wave 2. So we have upside potential today. The 13:th. Bur further downside can not be ruled out, since below 1.7 have not been reached. Longterm we're still bearish.
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My predictions about direction:
- price decrease from 8 to 9 july. See W to X
- price increase from 9 to 13 july, with two dips. See WXYZ.
- price fall from 13 to 14 july was correct. See z to wave 3.
- fake breakout at 20 to 21 july.
The price ranges were a bit off. Instead of making a decisive move, we had a tight range around the dotted blue line.
- price decrease from 8 to 9 july. See W to X
- price increase from 9 to 13 july, with two dips. See WXYZ.
- price fall from 13 to 14 july was correct. See z to wave 3.
- fake breakout at 20 to 21 july.
The price ranges were a bit off. Instead of making a decisive move, we had a tight range around the dotted blue line.
