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USD Index - Looking impulsive

Posted on June 4, 2009 at 13:21 in Uncategorized by Pierre Charlebois

Here’s a snap of the $/Index.

There appears to be 5 waves up. IF the structure of the correction happens in three waves (without a new low) and we then break to the upside, this will bolster the USD Bullish View.

As always; I caution that this in only one interpretation.

Tags: Elliott Wave Count, eur/usd, forex, USD index

3 Responses to “USD Index - Looking impulsive”

on 05 Jun 2009 at 10:35 am1j.j

Dear Peirre hi, is this the begnning of trend reversal regarding the Euro/$ or we still can see new high before any major revesal
Regards
on 05 Jun 2009 at 11:49 am2Pierre Charlebois

Hi JJ.
I appreciate your question but I cannot give you a direct answer. In fact, nobody can.

What I will say is evidence is continuing to suggest that we may see more USD strength. (EUR/USD weakness)

I will make a new post with a fresh current chart.
on 05 Jun 2009 at 12:04 pm3j.j

Dear Peirre hi,thanks for your swfit reply ,in my opinion the real revesal should be between the 16th-21th of this month with atleast one more high with 100/150 pips higher then recent high ,i hope i am right ,pls adv.
B.Regards

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