HomeContributorsTechnical AnalysisElliott Wave Analysis: USD Index Showing First Signs Of A Reversal, More...

Elliott Wave Analysis: USD Index Showing First Signs Of A Reversal, More Upside In View

USD Index is turning up from recent 95.45 lows where market might have accomplished a bigger impulsive drop down in wave C. That said, current bounce can be a new change in trend, maybe even part of a big impulsive rally, but as always we need to focus on minimum expectation which is a recovery up to the upper channel line, towards 96.70.

USD Index, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading