Post Tagged with: "US Dollar Index Elliott Wave Analysis"

Swings For USD Index – Elliott Wave Analysis

Well, the FX markets are slow at the moment, despite some strong sell-off in equities in the last 24-48 hours. It seems that FX traders are awaiting the FOMC meeting minutes and Draghi’s who will give a speech later today at 18:30GMT, just 30 minutes after the FOMC.

USD pairs will move, that’s for sure, now the question is in which direction?

Read the rest of the article Swings For USD Index – Elliott Wave Analysis
Keep an eye on EURUSD for shorts after the breakout on the USD Index

Keep an eye on EURUSD for shorts after the breakout on the USD Index

The USD reversed strongly to the upside last week, with price on USD Index breaking out of a downward channel. This would be an important sign for a change in trend, even if just temporary. For the next few days, maybe even weeks we will be tracking a minimum three wave rally up on the [&hellip

US Dollar Index could turn lower – Elliott Wave Analysis

US Dollar Index could turn lower – Elliott Wave Analysis

A few days back we published an article where we highlighted that we anticipate a rally on the USD index in a minimum of three waves back to 80.73. In the next video we will look at some evidence and reasons why we turned bullish on the USD, and where prices could go from here. More [&hellip

USD Index Could Make A Corrective Bounce – Elliott Wave Analysis

USD Index Could Make A Corrective Bounce – Elliott Wave Analysis

On Friday we mentioned to our members that a downside risk on the USD Index is limited. Thiswhich has proved correct as prices are already recovering from latest low. In fact, the recovery is not a surprise after five waves of decline, bullish RSI divergence plus an ending diagonal placed in wave (v). These are [&hellip

USD Index: Corrective Pull-back To 83.30/83.50 Within Larger Uptrend (Elliott Wave Analysis)

USD Index: Corrective Pull-back To 83.30/83.50 Within Larger Uptrend (Elliott Wave Analysis)

The US Dollar index is trading lower from recent highs, and this now appears to be the start of a deeper corrective retracement. We are tracking a wave 4) pull-back now as we can already count a completed five sub-waves in red wave 3). As such, the current bearish waves are only temporary and should [&hellip

USD Index Is Forming A Bullish Reversal Pattern-Elliott Wave Forecast

USD Index Is Forming A Bullish Reversal Pattern-Elliott Wave Forecast

USD-index reversed nicely higher last week from the 81.32 level, which appears to be a first impulsive structure that is part of a larger and new bullish cycle for the USD. As such, we expect much higher levels on USD-index in days and weeks ahead especially if we consider that decline from 83.50 was made [&hellip

EUR Could Enjoy USD Index Weakness (Elliott Wave Analysis)

EUR Could Enjoy USD Index Weakness (Elliott Wave Analysis)

EURUSD broke higher last week as expected and closed above the important 1.3400 resistance level after a nice pull-back down to 1.3250. The current break is just another confirmation of our bullish view for an impulsive wave 3) rise in wave (C). As such, we expect even higher levels now towards the 1.3640/1.3700 next week while [&hellip

Bearish Triangle on US Dollar Index – Elliott Wave Analysis

Bearish Triangle on US Dollar Index – Elliott Wave Analysis

One week ago, we discussed two possibilities regarding the US Dollar Index in wave (B) position: we mentioned a flat and a triangle pattern. It seems that the triangle appears to be the case now after seeing a three wave rise from 79 to the 80.90 level. Triangles are five wave patterns, so be aware of [&hellip

More USD Weakness In This Week? – Elliott Wave Analysis Video Analysis

More USD Weakness In This Week? – Elliott Wave Analysis Video Analysis

We have seen a very strong risk-on reaction at the end of the past week, following the EU Summit, when the US dollar moved lower across the board as commodities and stocks found buyers. When analyzing the markets, it is important to respect this kind of a reaction which usually shows a clear direction for [&hellip