• 21 hours The EU Begins Backtracking On China Trade
  • 2 days Americans Are Sick Of Unfair Taxation
  • 4 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 6 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 7 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 8 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 10 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 11 days The New Economic World Order After Covid-19
  • 15 days 3 Signals To Watch For A Stock Market Correction
  • 17 days Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 18 days Wall Street Banks Are Back
  • 18 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 19 days Which Country Is The World’s Largest Investor In Batteries?
  • 21 days Are Bitcoin’s Environmental Risks Overblown?
  • 21 days Why The Gold Rush Ran Out Of Steam
  • 24 days Coinbase IPO Explodes, But Fails To Keep Its Momentum
  • 24 days China Slaps Alibaba With Record $2.75B Antitrust Fine
  • 25 days The Pandemic Has Culled The Middle Class
  • 26 days Legacy Automakers See Massive Spike In Sales
  • 27 days Tesla's Biggest Competitor Is Going Cobalt-Free
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: USD Index Making A Temporary Reversal

On the updated chart of USD Index, we can see price sharply reversing and making a strong intra-day drop. This drop we see as the final piece of a three-wave correction, wave c. On that note, current wave c may see limited downside around the region of former swing lows and highs of minor waves i) and ii). Recovery may also come in play around the 50.0 or 61.8 Fibonacci ratio. So currently price is bearish and will stay so, if it doesn't breach the bullish region at the 99.68 level.

USD Index, 30Min

USD Index 30-Minute Chart

 


Visit our website and Get more charts and forecasts with free access through 14-Day Trial Offer
You can also follow us on twitter @ewforecast
www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment