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.

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Duane
2014-05-26
Great job this week!! Wish that I had more capital to capitalize on all of your great calls! The ones that I have managed to catch have been extremely profitable. I really appreciate you sharing you v...
Thomas
2014-08-11
Sublime Counts!
Tommy
2015-02-26
Great call on nat gas

Just wanted to drop you a note to say great call on nat gas as it held 2.67

Great job.

Tommy