USD Index - Ready for a strong rally towards at least 100.00

USD Index - Ready for a strong rally towards at least 100.00

USD Index - Ready for a strong rally towards at least 100.00 

The USD Index has been in an impulsive (five waves) uptrend since the May 2011 low at 72.20

Wave (iv) of this five wave uptrend completed in May at 91.92 and wave (v) higher towards 105.44 is now developing.

The first couple of waves higher in wave (v) is clearly impulsive in nature, but still lack upside acceleration, but that is about to end. An expanded flat correction as red wave (ii) indicates that upside acceleration towards at least 100.00 soon should be seen.

The first strong indication that red wave (iii) is developing will be a break above minor resistance at 95.10 and strong confirmation that red wave (iii) is unfolding is seen upon a break above resistance at 96.52.

Stay tuned for upside acceleration soon.

 

When a 1+ is highlighted in the right hand corner, more charts is available, in this chart-pack 2 charts can been seen. To see the other charts, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional charts.

Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
Jonathan
2017-10-24
Your work is exceptional and glad I found you.