• 13 mins Working From Home Will Transform The Energy Industry
  • 1 hour The Multi-Billion Dollar Race For A Vaccine
  • 2 hours Can Domestic Tourism Bolster Emerging Economies?
  • 3 hours Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 4 hours Has Re-Opening The Economy Been Successful?
  • 5 hours Gold Miners Still Have Massive Upside Potential
  • 6 hours The Risky World Of Oil Hedging
  • 7 hours Africa Turns To Innovation Amid The Global Pandemic
  • 8 hours COVID-19 Sparked A Bicycle Boom
  • 9 hours Will Government COVID Intervention Cause Inflation?
  • 1 day The Bitcoin Miner That Is Paid To Do Nothing
  • 1 day Capital Gain vs. Capital Consumption
  • 1 day Tesla’s Latest Battery Innovation Ready For Use In China
  • 2 days China Targets Hong Kong As Cold War With US Heats Up
  • 3 days No Shirt, No Shoes, No Mask, No Service
  • 4 days Is Bitcoin Actually Worth The Energy It Uses?
  • 4 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 4 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 4 days Europe Set To Unveil Its $500 Billion 'Green Deal'
  • 5 days Major Diamond Mine Slashes Production
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

Elliot Wave Forecast - 09/14

DXY Dollar Index Short Term Elliott Wave view suggests that the Index ended Primary wave ((3)) at 91.01 and currently in a Primary wave ((4)) bounce. Internal of Primary wave ((4)) is unfolding as a zigzag Elliott wave structure. Preferred view suggests rally to 92.01 completed Intermediate wave (A) and dip to 91.71 ended Intermediate wave (B) as an expanded Elliott wave FLAT. Expect the Index to continue higher towards 92.71 – 92.95 area to complete Primary wave ((4)). Afterwards, the Index should resume the decline lower or at least pullback in 3 waves. We don’t like buying the Dollar Index. Expect sellers to appear at 92.71 – 93.33 area for a 3 waves reaction lower at least. If the rally in the Dollar Index extends beyond 93.33 (1.168 extension), the move from 9/8 low could unfold as impulse instead.

DXY 1 Hour Elliott Wave Chart

Ending Diagonal is an Elliott wave structure that typically happens inside wave 5 of an impulse or inside wave C of a zigzag. Ending Diagonal has 5 waves subdivision and each wave is further subdivided into 3 waves. Thus Ending Diagonal has the structure of 3-3-3-3-3. When Ending Diagonal happens within wave 5, the internal wave 1 of 5 and wave 4 of 5 can overlap. The Ending diagonal also often forms a wedge shape.

By Elliot Wave Forecast

Back to homepage

Leave a comment

Leave a comment