Capital Trust
Capital Trust

Dec 03, 2016

04:35 AM EDT

  • New York close
  • London close
  • Tokyo close
  • Sydney close
Market Analysis

Home » Technical Analysis » USD Index Moves Impulsive Bullish: Elliott Wave Analysis

USD Index Moves Impulsive Bullish: Elliott Wave Analysis

Posted by ewforecast in Technical Analysis - June 24th, 2015 3:39 pm GMT


Elliott Wave Analysis – USD Index 1h

We have some very clear pattern on the USD Index with higher highs and higher swing lows without overlaps, so it looks like that instrument is making an impulsive rally. But for final confirmation of a bullish turn we want another push up to make wave three an extended wave which is usually the case in impulsive sequence. Based on latest price moves and broken corrective channel to the upside we think that rally can lift prices to around 96.00-96.20 in the short-term.

Share!Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+

No comments yet.

You must be logged in to post a comment.

Forex, Commodities, Indices

Daily Updates

Daily Updates

Get the latest fundamental analyses, technical analyses and the most up-to-date Forex news catered to your interests, everyday.