Articles Related to DX

$DX - Elliott Wave Chart Analysis on Feb 14th, 2020

Expecting the dollar to roll over soon in a corrective (b)-wave after completing a proportional abc up as wave (a).

by Garrett Patten - 5 years ago

US Dollar Holding Onto The Immediate Downside Setup By A Thread

This week we saw the U.S. Dollar Index (DXY) move higher again, failing to break through the 98.00 low that was struck on September 13.

by Mike Golembesky - 6 years ago

US Dollar Break Out Or Blow Off Top?

I am still quite cautious to the long side here on the DXY, as the risks to the downside still outweigh those to the upside here as we grind our way into the end of the year.

by Mike Golembesky - 6 years ago

US Dollar Drops But Still No Confirmation Of A Top

We are left very much in the same spot as last week and I will re-iterate that both of two paths laid out on the charts are quite bearish for the U.S. Dollar Index (DXY) over the longer term.

by Mike Golembesky - 6 years ago

US Dollar Continues To Follow-Through To New Highs

I remain quite cautious to the long side here on the DXY and will remain that way until this does indeed find a top.

by Mike Golembesky - 6 years ago

US Dollar At A Key Inflection Point

The counts are still quite bearish for the DXY over the longer term. However, they suggest that we likely will see a bit more of a grind into the end of the year prior to getting that sustained top.

by Mike Golembesky - 6 years ago

DXY – Corrective Retrace Likely In Progress

As long as the U.S. Dollar Index (DXY) can hold under the 97.92 level, the pressure will remain down and my base case will remain that this has indeed struck a top.

by Mike Golembesky - 6 years ago

DXY - Failure To Follow-Through

While we still may have a bit more work to do the upside prior to this topping, I am certainly quite cautious to the upside on the US Dollar Index (DXY) at the moment.

by Mike Golembesky - 6 years ago

DXY - The Floor Is Starting To Creak

I am quite cautious to the upside on the DXY at the moment, as the short setup is still looking quite promising.

by Mike Golembesky - 6 years ago

Do We Still Need Another High in the DXY Before Topping?

Overall there was still very little change on the U.S. Dollar Index (DXY), although we did creep a bit higher towards the end of the week. This is supportive that the DXY may still need another high to finish off the ending diagonal off the June 2018 lows to finish off the pattern.

by Mike Golembesky - 6 years ago

DXY - Creeping Lower But Still No Signal Of a Top

I am still looking for at least a local top in the U.S. Dollar Index (DXY) sooner rather than later.

by Mike Golembesky - 6 years ago

$DX - Elliott Wave Chart Analysis on Nov 6th, 2018

The dollar appears to be filling out an expanded flat for wave (ii) of c. 96.59 - 96.74 remains resistance above.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Nov 5th, 2018

Near-term direction for the dollar is a little more questionable after price was unable to hold support for wave iv of (c) last week, suggesting a top already in place for all of wave (c). If so, we may have a (i)-(ii) down off the high filling out, but a break below last week's low is needed to confirm.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Oct 31st, 2018

The dollar is approaching the 1.382 fib target at 97.28 where another local top should be seen as wave 5 of iii, setting upa corrective pullback to 96.47 next as wave iv of (c).

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Oct 30th, 2018

The dollar successfully held support cited at 96.28 for wave 4 of iii, now potentially heading to 97.28 next as wave 5 of iii. A break below 96.20 would be needed to consider anything more immediately bearish and a significant top already in place.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Oct 26th, 2018

The dollar reached the 96.78 target fib and has since turned back down, so far following the red path still. Therefore, support for red wave 4 of iii sits at 96.28 that should hold in order to turn price back up in wave 5 of iii toward 97.28 next. Otherwise, a sustained break below 96.20 would be needed to suggest anything more immediately bearish at this time and a top already in place as the blue wave (c) of b.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Oct 24th, 2018

No indication of a local top in the dollar yet until price breaks back below 95.80. Until then, it is even possible the exceed the prior August high under the red path as part of an expanded flat.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Oct 2nd, 2018

The dollar is respecting the .618 retrace resistance at 95.75 so far, but needs to break back below 95 from here to start indicating a local top in place and the start to a c-wave lower.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Oct 1st, 2018

95.75 is main resistance for this bounce in the dollar assuming it is a b-wave, so far taking a very similar shape to the (b)-wave bounce of one lesser degree off the August low.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Sep 20th, 2018

The dollar has now made a sustained break below the prior August low, to confirm that wave (c) of a is indeed in progress already. 93.25 remains the minimum target below before wave a completes.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Sep 13th, 2018

Dollar's last chance for a stick save under the blue path as the wider (b)-wave flat, otherwise a sustained break below the August low signals that wave (c) of a is already underway targeting at least 93.25.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Sep 12th, 2018

While this new local low in the dollar may just be as a deeper wave b of (b) shown in blue, odds are increasing that all of the (b)-wave bounce completed at last week's high shown in red. If so, ~93.25 would be the current target for wave (c) of a.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Sep 10th, 2018

Possible 1-2 start to blue wave c of (b) on the dollar as long as price holds above last week's low. Below there, and it opens the door to all of wave (b) already complete (or a deeper wave b of (b) as an alternative).

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Sep 7th, 2018

Need to take out the overnight low on the dollar to assume that all of the(b)-wave bounce completed already. Otherwise, a wave c of (b) up toward 96 - 96.50 shown in blue remains very reasonable before turning back down toward new lows.

by Garrett Patten - 7 years ago

$DX - Elliott Wave Chart Analysis on Sep 5th, 2018

Since the dollar reached a 50% retrace of the move down from the August high, it is easily possible that all of a (b)-wave bounce completed already and price is ready to make a fresh low again. However, I lean toward only wave a of (b) complete so far, with 94.93 - 94.71 as support to turn price back up in wave c of (b) if so.

by Garrett Patten - 7 years ago

Free 15-Day Trial

• S&P 500 Wave Analysis
• Gold, Silver, Oil & US Dollar Reports
• Stocks, Options, Cryptocurrencies & more
• Live Coaching & Webinars

OUR MEMBERS SAY ...

I live Finance. 80hrs a week corp finance. I trade as a hobby and in my opinion this is the best site in the world for someone to learn about markets... i rue the day when it is no more or its core is changed. there is NO BETTER SITE IN THE WORLD to get the off-cuff input/feedback/knowledge across ALL MARKETS like this site... Thank you to the analysts here who grind out thousands of charts each week.
"GibsonDog" - Trading Room

My faith in God and my faith in Avi and his team. God lead me to this service over 10 years ago. For a decade I have heard Avi point his bat at this very moment in time calling this S&P level. Though the years I have witnessed him point his bat months, even years before metals hit their highs and lows with almost perfect big picture accuracy. Against every other analysts opinion. I have seen him bullied relentlessly on his public articles on SA and stick to his guns and proven so correct with no one ever apologizing or admitting he called it.
"sdmavrick" - Seeking Alpha

My AUM has grown exponentially because of you and I can't thank you enough. My biggest regret is not signing up sooner! You've done more good than you will ever know.
"AAMilne" - Trading Room

I’ve subscribed for 5 years now and I have to say I see that you’ve been right on this the whole time. Who would’ve thought gold and silver would’ve rallied with rates this high for this long and the markets continued higher as well. Always thought your charts were good but always thought in the back of my mind that rate cuts and other news actually led. So now that I’ve admitted defeat u are free to gloat. Well deserved
"Lil_G" - Seeking Alpha

I worked on trading desks at top investment banks for 10 years, then traded on my own for another 8. I've seen 100s of research from the best analysts in the business. Avi and EWT is the only one I'm willing to pay for right now.
"tzeyi" - Seeking Alpha

“I was 100% in equities and been killing it for 2 years, but I heeded your warning and took everything off the table. I've been cautiously trading your recommendations and now when everyone I know is getting wrecked, I'm still profiting. Thank you so much for what you do, my family and future are safe because of it.”
"DoctorBeat" - Trading Room

This service has not only made me money in trades but equally important it got me out of the market before the meltdown.
"BigDaddyTuna" - Trading Room

"Your service and insight is phenomenal, and has definitely changed my outlook on the market. I’ve been actively working on recruiting new members to your service. It’ll save their financial life."
"Bidking82" - Trading Room

"Today, I achieved my highest weekly profit ever ....I see this as a testament to the power of the guidance available here. I ignored all narratives and traded the charts with discipline. I set clear parameters for each trade, immediately placing OCO (One Cancels the Other) orders with both stops and limits. I made some adjustments as the charts evolved, but kept the orders in place, and allowed the process to unfold. Sincere thanks to all the analysts and members who help make this such an incredible community—especially Avi, Zac, Mike, Levi, and Garrett. I'm incredibly grateful!"
"Dre-" - Trading Room

CNBC had a stat this morning that over the last 20 years 86% of money managers/hedge funds have underperformed the market. They couldn't figure out why that’s the case given how 'smart' these people are. . . . I know my performance since joining the site has skyrocketed!
"HenryH" - Trading Room

No Javascript Detected

The unfortunate reality of the internet requires us to run JavaScript to try and detect bot attacks. This form will not go through unless you enable JavaScript and allow reCAPTCHA from Google servers.