Short term i am expecting a push down 161.8 for a minor 3rd wave. hopefully this will happen after ecb news.
STING
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Dislikedwell ... that was the most important news for the Forex market and nothing substantial was achieved in terms of (big push up or a pull down). After today's news, according to me, Dollar index has already finished a major wave 1 and now is pushing towards a correction for a wave 2. The usual area of retracement is 61.8 or near the 4th wave of a lesser degree. this grind could go on for some months until 95.xx is reached on dollar index. so i think i will be buying all the dips in dollar caused by fundamentals and would be selling all the spikes in...Ignored
Disliked{quote} Thanks for providing the $ index chart with EW description. That means, as per EW in your opinion, we will never see again the price 1.03xxx level for EURUSD and for long term basis, USD is still in downward trend.Ignored
Disliked{quote} Yes . That is my view. For a long term trend eurusd is in an uptrend. It will be confirmed totally when usd index will complete this up move and start the decline for the third wave. Again .. this is just my 2 cents not written in stone. LolIgnored
DislikedHere is the actual intraday DJI count with the highest software rating. Sixer {image}Ignored
DislikedThe major correction can start 2022 - 13 years from the last low. SixerIgnored
Dislikedgreat charts and contribution guys. Keep up the good work. Short term usd index chart. i am expecting a good rally up. i have seen a lot of posts in which everyone is bearish usd in the short term and expecting all other usd corresponding pairs to go up. somehow.. i have a different opinion, but that's me and have been wrong many times before. here's my view of the us dollar index. {image}Ignored
Disliked{quote} Do you have any alternative chart of USD index, yours or anybody else that you have seen ?Ignored