Forex Majors

Dollar-Index (DXY) unfolded back in Jan with our posted Minute WXY Complex Corrective Structure for Minor 4 (black).
The Bearish Trend is about to complete and we are looking at a Trend Reversal, as the Cycle for Minor Wave 4 (black) is coming to an end, with Minute WXY (red) completing its Double Zig-Zag.

Minute X (red) unfolded as a Double Zig-Zag, as per our Bullish Swing Trade previously posted for the Dollar-Index (DXY).

Dollar-Index (DXY) – Minute Y (red) Double Zig-Zag break-down:

Minuette (a) (turquoise) unfolded its Bearish Swing towards the Head and Shoulders Neckline that we previously mentioned in our FED Rate Decision YouTube Video.
Minuette (b) (turquoise) reversed at the Head and Shoulders Neckline, as per our previously posted FED Retracement Wave.
Minuette (c) (turquoise) unfolded with a 5 Wave Bearish Structure and is about to complete its last leg (Sub-Minuette V (red)) and complete the entire Corrective Structure of Minor 4 (black).

In our labeled chart Sub-Minuette V (red) is completing Minuette (c) (turquoise) which in turn is completing Minute Y (red), therefore, Minor 4 (black) is complete as well, leaving room for the Bullish Minor 5 (black) to start its Cycle.

Minuette (c) (turquoise):
Sub-Minuette iii (red) was confirmed at and near the 150-161.8% Fibonacci Extensions of Sub-Minuette i & ii (red) which in turn confirms the extension.
Sub-Minuette iv (red) retraced 38.2% of Sub-Minuette iii (red), with the ABC Micro (blue) Flat Correction.
Sub-Minuette v (red), and the main focus at this time, is expected to end around 98.00 Levels, which are also the 100% Fibonacci Extensions of Minuette (a) & (b) (turquoise) and 61.8% Fibonacci Extensions of Sub-Minuette iii & iv (red).

The end of Sub-Minuette v (red) would be confirmed by the up-coming Bullish Divergence around the 98.00 Levels.

The Dollar-Index (DXY) Bullish Reversal will be quite significant in our view because this would mean that the USD would start a New Bullish Wave for a few months.
This would also trigger the continuation of the Forex Pairs Cycles and our focus will turn towards Bearish views on EUR/USD & GBP/USD.

Many pips ahead!