HomeContributorsTechnical AnalysisElliott Wave Analysis: USD Index, GBPUSD And USDCAD

Elliott Wave Analysis: USD Index, GBPUSD And USDCAD

Regarding Dollar there is not enough price data to confirm any resumption lower on Dollar index, there still can be a fifth wave coming to completed wave C) or 3) near 94.00. However, there are some pairs that already show a potential turning point in the making. GBPUSD and USDCAD looks quite interesting. However, break above 1.3450/64 is still needed on cable to confirm bullish price move, while USDCAD needs a broken channel line near 1.2350 to confirm a bearish continuation.

USD Index, 1H

GBPUSD, 1H

USDCAD, 1H

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