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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
laurent
Paris, France
Posts: 6
14 years ago
Jan 6, 2011 17:19
Short-term Analysis : I view the current price action of the US dollar index as a variation of a potential bullish flag which if broken to the upside will portend some bullish continuation ahead. Flags occur at half mast meaning in the middle of the rally. A projection of the previous up leg projects the objective at 85.0 which coincides with last june resistance level. If this scenario is indeed unfolding, then it bodes ill for commodities , equities, currencies such as the euro and treasuries. A break of last support at 78.50 would invalidate this bullish scenario.

see the chart at :http://globaltechnicals.typepad.com/blog/2011/01/us-dollar-index-continuation-of-the-uptrend-very-likely-.html
said
mulhouse, France
Posts: 2822
14 years ago
Jan 6, 2011 11:56
@davo

what do u do of the move from 11oct to 14oct?
chloethebull
Canada
Posted Anonymously
14 years ago
Jan 6, 2011 0:54
hey daveo,i think i understand what ur saying..now if i look @weekly chart i see upward trend is intact over a longer period but as i work down to hourly charts the short term tells me pull back with tech patterns like double top..let me know what ya think lol an thanks:)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Jan 5, 2011 23:56
OK Chloe buddy but read that post you made again. It was mighty confusing on timeframes :-)
DaveO
UK
Posted Anonymously
14 years ago
Jan 5, 2011 23:53
said, alternate count:- 5 waves up from June low to 8th Aug high = Wave A,
Complex corrective down to 24th Aug low = Wave B,
5 Waves up to the 4th Nov high = Wave C. Implications we go to new lows below 1.1875.

The potential ABC had C wave reversing at between the 100% and 127% symmetry with wave A.
move below the potentail Wave B low at 1.2586 would confirm but first we would need to break below the 1.2968 pivot low.
chloethebull
Canada
Posted Anonymously
14 years ago
Jan 5, 2011 23:40
when im referencing a chart- means the type of candle stixs being applied in the chart an not the the duration of time?so if im sayn hourly chart that means candle stixs are by the hr??lol thanks dave:)
sydneyjames
Australia
Posted Anonymously
14 years ago
Jan 5, 2011 23:40
i reckon the euro is going parity
said
mulhouse, France
Posts: 2822
14 years ago
Jan 5, 2011 23:38
1.41 will be resistance before the 1.50 is attained
said
France
Posted Anonymously
14 years ago
Jan 5, 2011 23:34
eurusd will find support around the 130.786; if it breaks below then the next level are 126/125.
from the 19oct to 04 nov notice that the previous pattern is a three wave corrective and the following one is a 5 wave down. from the 17nov to 14dec we also encountered a 3 wave pattern
the 5 impulsive down indicate that eurusd is posed to correct for short term only
the objectif on eurusd of 1.50 is viable.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Jan 5, 2011 22:04
If you think the series is completed the market will retrace back to typically about that wave 4 level at 0.8060 ish