Friday, May 31, 2013

Elliott Wave Forecast for USD Index: Price Could Turn Bullish From 83.00

On USD-Index we are now tracking a deep corrective A)-B)-C) pull-back called a zig-zag that represents part of an incomplete larger bullish trend. Ideally prices are now in final stages of wave (2) which should then find a support very soon, somewhere around 82.50/83.00 area. An impulsive reaction higher with a daily close somewhere above 83.75 will be bullish sign for the USD.

USD Index 4h
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1 comment:

  1. elliottwave instituteApril 22, 2021 at 1:43 AM

    Elliott Wave Theory is a method of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies waves identified as impulse waves that set up a pattern and corrective waves that oppose the larger trend.
    Stock Exchange Elliott Wave Theory

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