Indice devise Dollar U.S.
Long

Dollar Index 4hr analysis

124
Continuing our scenario analysis and forecast on the weekly and daily timeframes, here are the reasons for which we believe that at the moment the most likely scenario to play out is scenario 1 (dollar strength), from now on or soon:
1. the flat most likely to play out in the daily is a regular flat (dark blue) because the flat inside it (light blue) is the one that looks most proper, or "ideal", as it has a perfect correction inside it to mark the b wave (marked by a circle, both on the chart and on the macd).
2. the contracting flat that you can see in part 2 of our daily analysis, is a terrible looking correction because even it it were a contracting flat, still the b wave inside it should be the most corrective piece, and it isn't.
3. there is growing divergence on the way down in this last move down on the 4hr, which indicates a potential turn.
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