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Dollar Index Elliott Wave

Dollar Index Elliott Wave

tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

07 January 2019 Elliot Wave USD Index can still be unfolding a sideways price activity which we labelled as a w-x-y correction from mid of November. It is a complex pattern, which can look for support and a bounce near the 95.64 level, from where final wave C of B) can start to develop. A rally in impulsive fashion will suggest a completed complex correction and more gains.

11/01/2019

    tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

    12 November 2018 Elliot Wave USD Index is approaching the highs, now trading within wave c of Y which may see limited upside this week near the upper side of a trading channel. However, any reversal that we are expecting can be confirmed only if we see price turning in five waves from the highs.

    13/12/2018

      tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

      06 November 2018 Elliot Wave No change. USD Index moved to a new high last week right into 97.20 area where bulls started to slow down so we see market in a potential new reversal mode, especially if we consider that index has also made five waves up from 94.77 area, so at least a three wave of decline is anticipated. That said, wave a or i of a new three-wave upcoming structure has already unfolded, so current intra-day recovery can be part of a wave b or ii correction, which can look for resistance and a reversal near the Fibonacci ratio of 61.8/50.0.

      29/11/2018

        tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

        30 October 2018 Elliot Wave No change. USD Index is breaking above 96.15 meaning that wave C can be underway, or maybe even wave 3 of a new bullish run, but in both cases there is room for DXY to continue towards 97.00 projected area while market trades above 95.50. Break below 96.00 would likely put a top in place.

        16/11/2018

          tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

          25 October 2018 Elliot Wave USD Index is breaking above 96.15 meaning that wave C can be underway, or maybe even wave 3 of a new bullish run, but in both cases there is room for DXY to continue towards 97.00 projected area while market trades above 95.50. Break below that level would be a trend changer.

          9/11/2018

            tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

            18 October 2018 Elliot Wave USD Index is now recovering, ideally unfolding a minor correction as part of a bearish cycle, which started after a break out of a flat correction in wave B. We see current rally as sub-wave ii, which can look for resistance and a reversal near the Fibonacci ratio of 50.0/61.8. A reversal in impulsive fashion and a later drop below the 94.61 le

            31/10/2018

              tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

              12 October 2018 Elliot Wave No change. USD Index is turning to the downside, away from 96.17 level which can be an early sign of a completed wave B correction and that more weakness may follow. We also see a completed five-wave rally within sub-wave c of B which also points to the fact, that correction in wave B is finished and a turn is here. That said, a further break below the 94.6 level will suggest even more weakness.

              25/10/2018

                tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                05 October 2018 Elliot Wave USD Index fell to a new swing low in September, slightly below 94.00 area where bears slowed down so our count with wave B flat correction is still in play. We can see a nice turn up now, in five waves towards 96.00 area where bulls may start slowing down because of a five wave structure. That said, at least three wave reversal down can be coming in the near-future, but ideally market will turn around in impulsive fashion.

                18/10/2018

                  tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                  01 October 2018 Elliot Wave USD Index fell to a new low last week, slightly below 94.00 area where bears slowed down so our primary count with wave B flat correction is still valid. In fact, we can see a nice turn up, out of a downward channel and above 94.74 which suggests that market is making an impulsive rise to 95.75 where a new bearish reversal may show up.

                  11/10/2018

                    tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                    25 September 2018 Elliot Wave No change. USD Index fell to a new low last week, slightly below 94.00 area where bears slowed down so our primary count with wave B flat correction is still valid. An overlap with 94.73 would be very important in such case as this would increase probability for a leg up into 95.70 level.

                    2/10/2018

                      tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                      17 September 2018 Elliot Wave USD Index has extended its leg to lower prices recently, clearly in five waves so a top is in place which means more downside can now follow but after a pullback fully unfolds into wave B which is still in progress after recent turn up from 94.30 area. We are now tracking final subwave c that can retest 95.75 swing high where strong bears may step in.

                      Generally speaking we know that sooner or later USD index will be trading near 93.00, but there is still a chance that higher prices will be tested before market breaks down.

                      25/09/2018

                        tradinglounge.comDOLLAR Elliot Wave Chart 1 hr

                        10 September 2018 Elliot Wave US dollar extends post-NFP gains after better than expected employment change that came out 201K vs 191K. Dollar moved higher across the board and is still looking bullish but can be looking for a top this week as we see rise from Aug 28 low as corrective wave B which can still hit 96.00 area before bears steps in.

                        18/09/2018

                          tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                          03 September 201 8 Eliot Wave No change. USD Index has extended its leg to lower prices recently, clearly in five waves so top is in place which means more downside can follow after a pullback up into wave B that can lift prices back to the area of a former wave four.

                          11/09/2018

                            tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                            27 August 2018 Elliot Wave USD Index has extended its leg to lower prices recently, clearly in five waves so top is in place which means more downside can follow after a pullback up into wave B that can already be underway.

                            5/09/2018

                              tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                              20 August Elliot Wave USD Index made a nice extended rise recently into 97.00 area where bulls are slowed down , at wave three targets. As such, a reversal is fine, and ideally it's wave four as part of still ongoing wave 5) that can see even higher prices once current pullback stops, possibly near 96.00. Any further weakness and drop below 95.50 will indicate a top formation.

                              30/08/2018

                                tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                                10 August 2018 Elliot Wave A sharp move higher, and break towards 96.00 suggests that continuation of a bullish trend is here and that market is underway within fifth wave, ideally towards 97.00 while market trades above 95.00.

                                23/08/2018

                                  tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                                  02 August 2018 Elliot Wave No change.
                                  USD Index can be unfolding a wave D as part of a bigger, complex, sideways pattern located in wave 4). This unfolding pattern is known as a triangle, which can once completed push price into a new bullish continuation, above the 95.70 swing high. At the moment wave D can be unfolding its three-wave minor rally, that can later look for resistance around the 94.9/95.3 area, from where a new reversal into final wave E may follow.

                                  14/08/2018

                                    tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                                    27 July 2018 Elliot Wave USD Index can be unfolding a wave D as part of a bigger, complex, sideways pattern located in wave 4). This unfolding pattern is known as a triangle, which can once completed push price into a new bullish continuation, above the 95.70 swing high. At the moment wave D can be looking for resistance, ideally around the 94.9/95.3 area, from where a new reversal into final wave E may follow.

                                    8/08/2018

                                      tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                                      24 July 2018 Elliot Wave USD Index can be unfolding a wave D as part of a bigger, complex, sideways pattern located in wave 4). This unfolding pattern is known as a triangle, which can once completed push price into a new bullish continuation, above the 95.70 swing high. Currently we see price making an intra-day rise from the lower triangle line which can be an indication that leg C is completed and D really is in play. If that is the case, a three-wave move can be in play for leg D, before a new turn lower into final leg E of a triangle may follow. If we get a sudden drop below the 94.00 region, then this would tell us that flat pattern is in play rather than a triangle.

                                      2/08/2018

                                        tradinglounge.comDOLLAR Elliot Wave Chart 4 hr

                                        17 July 2018 Elliot Wave Usd index is turning down quite aggressively, now falling back into the middle of a June trading range, so we assume that's going to be more complex and longer correction in time. As such, the idea is that this is a triangle in wave 4) currently with subwave C) looking for a support near 94.00.

                                        26/07/2018

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