The above chart of the US Dollar reveals a Major Buy Signal, basis the Daily chart. This is an Advanced GET "Mechanical Trade #2" which requires five waves down accompanied by a divergence in the Elliott Oscillator (lower indicator window) and finally a trade trigger generated by prices breaking out above the downward sloping Wave 5 trend channel.
The triggering of an ATR Buy Signal at the close of trading Friday pretty much confirms the entire set-up. Only a reversal below Friday's lows in the dollar would negate the set up and the confirmed Buy. In other words, there are now overwhelming probabilities of an Intermediate Buy in US Dollar, but with a defined exit if prices move lower.
The snippet embedded in the chart is from latest issue of EWl short-term update published after the close on Friday (links all over my blog for EWI freebies and subscription services). Their message is that everything priced in dollars is about to or has already reversed from Long to Short. Included are gold and silver, oil, hard assets of any kind and global equities.