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DXY Bulls Should Worry as Bearish Evidence Abounds

The bulls have been in control of DXY during most of 2018 and gradually conquered more land in the first months of 2019, as well. The USD index recovered from its February 2018 low of 88.25 to as high as 98.33 last month. The bulls can really be proud with the total gain of over…

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Dollar Index Corrective Decline Far From Over

The U.S. dollar index fell less than two pips short of the 97.00 mark on August 15th. 96.98 was the best the bulls managed to achieve before the bears showed up to drag DXY to as low as 94.69 so far. On the other hand, the USD index has been steadily advancing since mid-February, when…

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Dollar Index, Hold Your Horses (Bulls)

Three months ago, while the dollar index was trading below the 90.00 mark following another selloff, we published an Elliott Wave analysis suggesting the bulls were ready to stop the bleeding and lift the index to the resistance area of 95.00. The chart below was what led us to conclude a bullish reversal was on…

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Dollar Index Bulls to Stop the Bleeding

2018 did not start well for the U.S. dollar, which fell against most of its rivals such as the Euro and the Japanese yen. As a result, the dollar index (DXY) did not shine as well. It fell to as low as 88.25 by mid-February before recovering to 90.23 a week later. The question we…

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USD Index Bears Could Still Breach 91.00, But…

It has been a while since our last update on the USD index. On December 13th, 2016, while the index was hovering around the 101.00 mark, the Elliott Wave Principle suggested the uptrend is approaching its end and the Dollar index “will not rise forever”. So, instead of joining the bulls, who have been in…

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How to Recognize a Leading Diagonal Pattern

One of the first Elliott Wave patterns we devoted an entire lesson to was the ending diagonal. It is relatively easy to recognize and very important, because it is usually followed by a sudden trend reversal. But if there is an ending diagonal, there must be a leading diagonal, as well, right? Yes, there is…

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USD Index Will Not Rise Forever

It has been another strong year for the U.S. dollar. The greenback crushed most of its rival – the euro and especially the pound, to mention a few – so there is no surprise the USD index is hovering near 101.00. The last time the USD index traded around these levels was over 13 years…

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Dollar Index Has a Choice to Make

The US dollar has been one of the most profitable investments during 2015, climbing against most of its major rivals. This led to a strong uptrend in the dollar index as well, which managed to climb above the 100 mark twice – in March and in December 2015. The question is what could we expect…

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