• 15 hours Trump Loses Another Leg Of The WeChat Battle
  • 2 days DOW Plunges Amid WInter COVID-19 Surge Fears
  • 2 days Big Profits Are No Longer The Top Priority For Oil Investors
  • 3 days Banksy’s Littered ‘Monet’ Sells for $10M
  • 5 days Three Renewable Energy IPOs To Watch
  • 6 days Bitcoin Nears $13,000 As PayPal Joins The Crypto Fray
  • 7 days DOJ Declares The Obvious: Google Is A “Monopoly”
  • 9 days Alibaba Is About To Make History Again
  • 10 days Robinhood Users Are Latest Target Of Pandemic Hackers
  • 12 days The Hydrogen Boom Will Provide A $200B Boost To Wind And Solar Energy
  • 13 days Will The 5G Rollout Overshadow This Major Merger?
  • 14 days Corporate Bitcoin Holdings Boost Crypto Confidence
  • 14 days Indonesia Rolls Out Augmented Reality Innovation To Combat COVID
  • 15 days Banks Are Getting Rich On Pandemic Overdrafts
  • 15 days The Real Reason China Is Betting Big On Renewables
  • 16 days Europe Wants To End The Big Tech Monopoly
  • 16 days New Breakthrough Could Transform Rare Earth Mining
  • 17 days Waymo Set To Roll Out Fully Self-Driving Vehicles
  • 18 days Aramco Dividend Won’t Cover Saudi Budget Gap
  • 19 days Credit Card Debt Plummets Amid COVID
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…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  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