The Dollar Index (DXY) continues to be firm and rallies higher since Dec 31.2019 low. Near term, it still has scope to extend higher towards 98.3 – 98.59 area which is the 100% – 123.6% Fibonacci extension...
In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX, published in members area of the website. As our members know USDX has incomplete bullish sequences in the cycle...
Hello fellow traders. Another instrument that we have been trading lately is USDX. In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX, published in members area of the...
Last week, US Dollar fell across the board after the Fed signaled it will leave policy unchanged for an extended period of time until 2021. The Fed maintained the interest rate unchanged at 1.5 – 1.75%. They...
In today’s blog, we will have a look between the relationship of the Dollar Index and the Mexican Peso. The USDMXN has been trading in the same direction as the Dollar Index and both have peaked in January 2017....
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX published in members area of The Website. As our members know, USDX has incomplete bullish sequences. Break...
USDX Elliott Wave view in short-term cycle suggests that the decline to 89.22 ended Intermediate wave (B) as Elliott Wave Zigzag correction. Above from there, Intermediate wave (C) remains in progress as Elliott Wave Impulsive sequence with extension looking for...
Since the US Dollar trades freely in the 1970s, on average it has rallied and declined in a period of 7.5 years. The chart below shows short term and long term US Dollar cycle: Short Term and...
DXY Short Term Elliott Wave view suggests that the decline to 88.44 ended Intermediate wave (3). Up from there, correction in Intermediate wave (4) is in progress as a triple three Elliott Wave structure. Rally to 89.64 ended Minor...
DXY Short Term Elliott Wave view suggests that the decline to 91.01 ended Primary wave ((3)). Primary wave ((4)) bounce remains in progress as a double three Elliott Wave structure. Up from 91.01, Intermediate wave (W) ended at 92.66...
