This is a classic flag, FED will rise rates next year but not in 2015. Trading with ranged zone, avoid trended strategy. Be careful with EURO, it could have more easing policy in 2016. Technically point A could be a truncation, equal wave could be truncated. But if 93 is broken DXY will fall to 90 then a nice buying there.
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Watch out, could break out today. Forming that bigger triangle.
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Big triangle almost completed, watch USD/CHF 1.0100-1.0200 area for a big retrace. I'm wonder is there anyone following me and never looked at this? Only 1 like? I can't believe that!
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Double harmonic buttefly formed in daily and weekly. Be careful here now. A butterlfy is a usually seen pattern from chart USDJPY or DXY because DXY is correlated. Nikkei as well too.
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A new high will be there for Chrismas gifts here. EURO new low is a washing out.
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This is what’s happening. 96- 97 could support it. But if FXCM USdollar index broken 12040 I will reconsider this chart for a range between 88- 100 in 2016 as a correlation with my EURUSD analysis “ranges more ranges”.
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Thank you for your likes!
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Case closure.
Merry Christmas and happy new year!
Merry Christmas and happy new year!