Dmitri Lysenko
According to Masterforex-V Academy, there has emerged a new starting point in the chart of the USD index (DXY). The point is located at 79,870. There is an upswing going on form it. At this point, the price is forming wave a(C )/C of level h4.
Pivot 2 is located at 80,130. It is worth paying attention to. The actual sloping channel is built through 79,675 and 79,870.
Consequently, a break below pivot 2 and the bottom of the sloping channel will cancel the possibility of forming wave a(C ) of level h4.
The upward targets are:
80.815(19) - 200% А Н4 +38.2% а(С)/С D2;
80.995 - 123.6% а(С) Н4;
81.128 - 138.2% а(С) Н4;
81.167(72) - 261.8% А Н4 + 50% а(С)/С D2;
81.342 - 161.8% а(С) Н4;
81.690 - 200% а(С) Н4.
The upward potential is restrained by the top of the bearish sloping channel of level Weekly. Its border comes through and 84.920 and 82.670.
Dmitri Lysenko
