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Entries Tagged as 'USD Index'

USD Index Forex Elliott Wave Analysis – 02 February, 2012

by Hugo Venter · February 2nd, 2012 · USD Index · No Comments

It has been a very tough few weeks in providing wave counts for the US Dollar Index. The wave counts have been invalidated at hourly as well as daily level.

Today we provide a new wave count that expects possibly short term downwards movement within a larger degree structure with much more upwards potential in the medium and long term.

We only present one daily wave count at this stage, but we will be looking for other valid possibilities.

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USD Index Forex Elliott Wave Analysis – 25th January, 2012

by Hugo Venter · January 25th, 2012 · USD Index · 2 Comments

The main hourly wave count from our last analysis was invalidated as the Dollar continued lower.

We present two possible wave counts today. The structure is not as clear as we would like it to be, we do however expect these are the two most likely wave counts.

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USD Index Forex Elliott Wave Analysis – 17th January, 2012

by Hugo Venter · January 17th, 2012 · USD Index · No Comments

The main hourly wave count from our last analysis was invalidated which confirmed the alternate hourly wave count that expected further short term downwards movement. We did however not see enough downwards movement to our target.

We only have one possible wave count today that expect to see the Dollar continue higher.

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USD Index Forex Elliott Wave Analysis – 11th January, 2012

by Hugo Venter · January 11th, 2012 · USD Index · 4 Comments

The Dollar has moved higher within wave (3) aqua as our last analysis expected.

Upwards movement is expected to continue but may lack momentum as it is expected to be within a diagonal structure.

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USD Index Forex Elliott Wave Analysis – 3rd January, 2012

by Hugo Venter · January 3rd, 2012 · USD Index · 2 Comments

The Dollar moved a little lower as our previous analysis expected and ended .01 above our target for wave (2) aqua. This was then followed by a strong movement to the upside which ended within our target zone.

The direction remains the same as our previous analysis, but the wave count is slightly adjusted as more of the wave structure revealed other possibilities which may be more likely.

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USD Index Forex Elliott Wave Analysis – 27th December, 2011

by Hugo Venter · December 27th, 2011 · USD Index · No Comments

The main hourly wave count from our last Dollar analysis has been invalidated while the alternate still remains valid.

The wave count for today includes the slow sideways movement of the last few days.

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