Fri, Apr 26, 2024 @ 10:29 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisUSD Index Trading In A Simple Zig-Zag, More Weakness In View

USD Index Trading In A Simple Zig-Zag, More Weakness In View

Elliott Wave Financial Service
By Elliott Wave Financial Service

On the 4h chart of USD Index we see price trading within a higher degree three wave decline and current bearish breakdown may be part of wave C. At the moment we see price trading within the strongest and steepest sub-wave 3). If we are on the right track, then even more weakness may follow within the mentioned wave and ideally towards the 98.00 region.

USD Index, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Load more

Learn Forex Trading

How to Build a Successful Expert Advisor

The EUR/USD

How Much Money You Need to Start Trading on Forex

Forex Trading Psychology

Top Ten: Trading Risk & Psychology Reads

Risk-on and Risk-off

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.