$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...

How Much Farther Will US Dollar Rally?

by elliottwave-forecast.com | January 31, 2020 5:02 pm
The Dollar Index (DXY) continues to be firm and rallies higher since Dec 31.2019 low. Near term, it still has scope to extend higher towards 98.3 – 98.59 area which is the 100% – 123.6% Fibonacci extension...

USDX Selling The Rallies In The Blue Box

by elliottwave-forecast.com | December 30, 2019 7:52 pm
Hello fellow traders.  Another instrument that we have been trading lately is USDX. In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX, published in members area of the...

USD Falls After the Fed Saw No Rate Hike Until 2021

by elliottwave-forecast.com | December 17, 2019 5:37 pm
Last week, US Dollar fell across the board after the Fed signaled it will leave policy unchanged for an extended period of time until 2021. The Fed maintained the interest rate unchanged at 1.5 – 1.75%. They...

USDMXN Is Holding Down the USDX from Rallying

by elliottwave-forecast.com | April 15, 2019 8:04 pm
In today’s blog, we will have a look between the relationship of the Dollar Index and the Mexican Peso. The USDMXN has been trading in the same direction as the Dollar Index and both have peaked in January 2017....

USDX Forecasting The Rally After Pull Back

by elliottwave-forecast.com | November 26, 2018 5:53 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX published in members area of The Website. As our members know, USDX has incomplete bullish sequences. Break...

USDX Elliott Wave View: Extending Higher As Impulse

by elliottwave-forecast.com | April 24, 2018 2:47 pm
USDX Elliott Wave view in short-term cycle suggests that the decline to 89.22 ended Intermediate wave (B) as Elliott Wave Zigzag correction. Above from there, Intermediate wave (C) remains in progress as Elliott Wave Impulsive sequence with extension looking for...

US Dollar at the Start of Multi-Year Downtrend

by elliottwave-forecast.com | March 5, 2018 12:28 pm
Since the US Dollar trades freely in the 1970s, on average it has rallied and declined in a period of 7.5 years. The chart below shows short term and long term US Dollar cycle: Short Term and...