• 328 days Could Crypto Overtake Traditional Investment?
  • 332 days Americans Still Quitting Jobs At Record Pace
  • 334 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 337 days Is The Dollar Too Strong?
  • 338 days Big Tech Disappoints Investors on Earnings Calls
  • 339 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 340 days China Is Quietly Trying To Distance Itself From Russia
  • 341 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 345 days Crypto Investors Won Big In 2021
  • 345 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 346 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 348 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 348 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 352 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 352 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 353 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 355 days Are NFTs About To Take Over Gaming?
  • 355 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 358 days What’s Causing Inflation In The United States?
  • 360 days Intel Joins Russian Exodus as Chip Shortage Digs In
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis: USD Index Trading In Final Stages

On the 4h chart of USD Index price recently rallied in three waves; it was a clear contra-trend price structure within wave 4. We labeled end of wave 4 near 97.77 level after that sharp leg down which is now pointing to around 96.50/96.20 for wave 5 where bigger decline may come to an end in June. That being said, a five wave rally and a breach above the 97.77 level may signal bullish activity to follow.

USD Index, 4H

US Dollar Index 4-Hour Chart

 


Chech our new Elliott wave video about EURUSD at à https://www.youtube.com/watch?v=Nxx_Qxbqnj0&feature=youtu.be

 

Back to homepage

Leave a comment

Leave a comment