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Throughout the in this week the dollar index is expected to fluctuate between nearby support and resistance zones. A sideways trend is likely at the beginning of the week with a potential upward move. A shift in direction and resumption of the decline are expected towards the weekend. A breakthrough of the calculated zones within the week is unlikely. Aimed at strengthening positions in major currency pairs over the next week may be profitable but carry risks. Selling national currencies after the dollar index starts strengthening from the support zone is more promising.
simplified wave analysis (SWA), all waves consist of three parts (A-B-C). The analysis focuses on the last unfinished wave on each timeframe. Dashed lines indicate expected movements.
The wave algorithm does not consider the duration of price movements over time
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