Seeking Alpha

ew-forecast.com's  Instablog

ew-forecast.com
Send Message
We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
My company:
ew-forecast
My blog:
Elliott Wave Analysis Service
  • USD Index Could Make A Corrective Retracement – Elliott Wave  0 comments
    Oct 18, 2013 5:03 AM | about stocks: USD

    USD remains clearly in a bearish mode across the board while the US bonds and now also US stocks are trading higher. However, current bearish trend of the USD could slow down for few sessions because of five waves down and oversold conditions. As such, traders need to be aware of a corrective rally in three legs.

    USD Index 1h

    (click to enlarge)

    Once USD index will make that three waves up we will be interested to go long on EURUSD with members.

    Written by www.ew-forecast.com

    Try Elliott Wave Forecast Free For 7 Days at http://www.ew-forecast.com/service :: No Credit Card Required.

    Trade well!

    Themes: DX, USD, USD Index, Elliott, Elliott Wave Stocks: USD
Back To ew-forecast.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.