The Dollar Index

Tomorrow morning I’m going to be on IG TV discussing the Dollar chart. This market is on the brink of rolling over so there’s a lot to talk about.

The Dollar Index. This is the main chart we need to focus on at the moment. With the 5th Wave potentially complete and the loss of momentum on the Storyteller we could see a kick back rally on the EURUSD and Gold.


The Dollar Chart

All signs are that it will drop from here.

 

The EURUSD Chart

If the dollar drops the EURUSD will push to 11750. A drop below 115 will indicate wave 5 is not yet complete.