Post Tagged with: "Dollar Index Elliott Wave Analysis"

USD Index Moves Towards New Highs, USDJPY Finding Support – Elliott Wave Analysis

The USD index turned higher yesterday and took out two important levels; 95.03 which is a high of a wave D and also the upper triangle line. The next thing to watch is the leg from 94.04 that is sharp and impulsive so we definitely expect more upside in the sessions ahead as we want to stay with the market sentiment.

USD Index 1h Elliott Wave Analysis

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Inverse H&S On USD Index Suggests More Weakness On EURUSD

Inverse H&S On USD Index Suggests More Weakness On EURUSD

Markets gapped on Sunday against the USD after the U.S. President Barack Obama delayed a military strike against Syria by requesting authorization from an incredulous Congress.  From a technical perspective the wave patterns and direction did not change much. We are bullish on USD. This means we expect weakness on the majors, such as EUR, [&hellip

Technical Overview: Dollar On The Rise

Technical Overview: Dollar On The Rise

The US dollar gains accelerated through Asia session after RBA cut interest rate to 4.5%. Dollar index trades higher impulsively, so from technical perspective turning point is confirmed, especially as Euro fell well below 1.3800 swing zone. In fact, dollar index made 3-waves down from October 4ht, so further gains are definitely in view now [&hellip

The Greek Plan Sets-Up New Bearish Leg For Dollar

The Greek Plan Sets-Up New Bearish Leg For Dollar

The plan for Greece is sending markets higher across the board, with Nikkei up more than 1.2%, Hang Seng Index +1.7% and China 0.18%, following the pattern form Wall Street. We see the similar situation on European markets that just opened and are already more than 0.5% in the green. FX market was mostly consolidating [&hellip

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