Free Charts
DXY is long-term still bearish, as DXY/ZN ratio chart shows as incomplete bearish structure by Elliott wave theory.
The next big move on teh FX will be definted by DXY and reaction to FED next week. For now, the DXY is still at potential resistance, but I do not want to be too smart and call the next direction from here, so focusing on two counts. If however, DXY will rally further, close Tto 101.70/90, I will like shorts on cable (it has also nice five waves down + bearish weekly candlestick formation). On the opposite side of this, a new turn down on DXY from current resistance will likely make NOK strong, which is doing well compared to some other currencies because of higher crude. Silver is also on the watch list after the current wave four. Also, on crypto space, I like support for ETHUSD at 1800.
TRON is looking for a bullish continuation, as we see it pointing higher from technical point of view and by Elliott wave theory.
ETHUSD has a nice upside potential after current pause that can find a support and new buyers around 1800.
DAX has room for more upside, as we see a nice bounce after a completed three-wave A-B-C correction by Elliott wave theory.
Elliott Wave Free Charts - Wavetraders
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