Elliott Wave Webinar: USD Index May See One More Dip

USD Index has increased a little last week. Prices may pivot soon one more dip towards US Dollar weakness. The video above is a recording of a US Opening Bell webinar from February 12, 2018. In today’s US Opening Bell webinar, we discussed key markets using Elliott Wave Theory such as (and not in this […]

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US Dollar Index Trendline; Can it Finally Break?

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts Real Time Positioning -“DXY held trendline support at the March low and just found resistance from the median line of the 2016 channel. I don’t have a strong opinion on direction right now but the barriers are the January-March line and 2016 trendline. […]

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US Dollar Index – Know the 2015 High at 100.51

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -“As is the case with EUR/USD and USD/CHF, continued failure at trend extremes warrant caution although there is nothing ‘solidly bearish’ to work with just yet. Weakness below 100.51 (December 2015 high) would suggest a broader reversal.” 100.51 (2015 high) is classified as […]

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US Dollar Index Old Highs Should be Marked for Possible Support

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -Recent comments noted that “Monday’s (11/14) close settled above channel resistance, indicating potential for upside acceleration (could be a ‘blow-off’). The importance of the break through resistance is accentuated by the fact that channel resistance (former now) was support earlier this week (on […]

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US Dollar Index – Former Resistance Provides Support

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -The rally post-election has covered the entire channel and then some. Monday’s close settled above channel resistance, indicating potential for upside acceleration (could be a ‘blow-off’). The importance of the break through resistance is accentuated by the fact that channel resistance (former now) […]