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Dollar Index

28 Feb 2021 ‚óŹ 03:25 PM

The dollar index has been falling in a series of 5 waves and on daily charts I still consider the most recent decline a leading diagonal even as the retracement is just over 61.8%. So we are close to the 20-week average on the weekly chart below at 91.28. Ideally we should not close above it and the trend down should resume from here.

The dollar index has been falling in a series of 5 waves and on daily charts I still consider the most recent decline a leading diagonal even as the retracement is just over 61.8%. So we are close to the 20-week average on the weekly chart below at 91.28

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