Dollar Index (DXY) Has Reached Inflection Area

by elliottwave-forecast.com | October 11, 2021 3:14 pm
Since bottoming earlier this year, US Dollar has steadily caught a bid. One of the primary reasons for the USD strength is because of the expectation that the Fed will start tapering later this year. The Fed...

Is Fiscal Stimulus the Next Catalyst for US Dollar Decline?

by elliottwave-forecast.com | October 5, 2020 3:41 pm
The second stimulus bill currently under negotiation may be the next catalyst for the decline in US Dollar. The negotiation between Democrat and Republican gained urgency last week as President Trump contracted the virus and required hospitalization....

U.S. Dollar: When Almost Everyone Is Bearish…

by ForexCycle.com | June 27, 2020 2:09 am
By Elliott Wave International June started off with speculators decidedly negative toward the U.S. dollar. On the second day of the month, the Financial Times said: Wall Street strategists say dollar could be set for “dramatic” falls...

USDNOK Buyers Continue To Respect Blue Boxes

by elliottwave-forecast.com | March 23, 2020 4:34 pm
In this blog, we are going to take a look at the Elliottwave chart of USDNOK.  The chart from March 13 London update shows that the cycle from March 9, 2020 low unfolded as 5 waves impulsive...

$USDX Buying The Dips At The Blue Box Area

by elliottwave-forecast.com | March 23, 2020 4:32 pm
Hello fellow traders. USDX is another instrument that we have been trading lately . In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX, published in members area of...

US Dollar Continues to Firm As Supply Tightens

by elliottwave-forecast.com | March 23, 2020 4:31 pm
U.S Dollar demand is so high as a result of the corona virus pandemic that now there’s a squeeze in the credit market.  The dollar soared this week as investors liquidated positions across a broad range of...

Is US Dollar Topping?

by elliottwave-forecast.com | November 3, 2019 1:18 pm
The Fed’s monetary stance has turned 180 degree this year. Recall last year the Fed talked about shrinking the balance sheet on auto pilot and raising interest rate. The QT (Quantitative Tightening) of $50 billion a month,...

Strong GDP supports the US Dollar

by elliottwave-forecast.com | May 1, 2019 11:36 am
Summary A strong 3.2% U.S first quarter GDP indicates robust economy. Temporary drivers of the growth however may not be sustainable for the remainder of the year. Strong U.S. economic data can continue to boost global stock...

US Dollar Resumes Rally After Completing Pullback

by elliottwave-forecast.com | March 10, 2019 9:55 pm
In this blog, we take a look at US Dollar Index correlation with USDPLN and we also look at the updated Elliott wave charts of USDPLN which have been working very nicely since we highlighted the bullish...

U.S. Dollar: Why It Pays to Use the Elliott Wave Model

by ForexCycle.com | April 7, 2018 7:25 am
By Elliott Wave International The legendary football coach Vince Lombardi believed that a winning team is built on mastering the game’s basics — so much so that at the start of the season he would “remind” veteran...