USDX Elliott Wave Analysis 7.6.2017

USDX ended cycle from 6/29 low and correcting that cycle in 3, 7, 11 swing before another leg higher to end correction to cycle from 6/20 peak

Continue Reading...

USDX Elliott Wave View: Correction in progress

Short term USDX (USD Index) Elliott Wave view suggests the rally to 97.88 high on 6/20 ended Intermediate wave (X). Decline from there is unfolding as an impulse

USDX Elliott Wave View: Showing impulse

Short term Elliott wave view in USDX suggest that the cycle from 6/20 peak (97.88) is unfolding as an impulsive Elliott wave structure . This 5 wave move

USD/CAD: Loonie Falters on Grim Signs for the Canadian Economy

The Canadian dollar is presumed to succumb further to the US dollar today on views that the Canadian economy stalled at the end of 2012, putting pressure on

USD/CAD: Disappointing Factory Sales Report Continuing to Weigh on the Loonie

The Canadian dollar is deemed to maintain its weakness opposite the US dollar today as Canadian manufacturing sales registered the largest decline since the Great Recession due mainly

EUR/USD: Hopes for Greek Aid Deal Still Keeping Euro Afloat

Despite a dimmer outlook for the overall Euro Zone economy, the Euro is foreseen to sustain its recent gains alongside the US dollar today on continued hopes for

U.S. Dollar Rallies; Boosted by Risk Aversion, Weak U.S. Employment Outlook

The U.S. Dollar Index made a new high for the year, boostedby the sharp sell-offs in the Euro, British Pound and the commodity-linkedcurrencies. Gains were limited slightly by

Euro Drops to 4-year Low ahead of U.S. Jobs Data

After holding steady for a few days, the Euro plungedthrough the recent bottom to post a 4-year low. This morning’s move came as asurprise to many traders who

Euro Lower as Investors Debate U.S. Labor Outlook

Thin trading conditions ahead of the U.S. Non-Farm PayrollsReport on Friday and less than stellar economic news from the Euro Zone helpedto weaken the Euro on Thursday. The

Euro Weakness Suppresses Risk Appetite

Thin trading conditions ahead of the U.S. Non-Farm PayrollsReport on Friday and less than stellar economic news from the Euro Zone ishelping to weaken the Euro at the