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Usdindex!!

USD INDEX Is Setting Up for Potential DeclineThe decline from 99.66 unfolded as a leading diagonal structure, labeled i-ii-iii-iv-v. According to Elliot Wave theory, leading diagonal always point toward the direction of the major trend. Also, once a five-wave impulse is completed a three-wave retracement follows. In the Dollar Index case, the corrective pattern seems to be unfolded as a w-x-y double zigzag and has fulfilled the requirement. Confluence that the price is also sitting at a resistance zone and approaching 78.6 Fib, a bearish reversal is imminent. While the 99.66 invalidation level remains intact, watch out for bearish price action signal from the resistance zone. The breach of the Flag channel or blue horizontal line will confirm the bearish setup. What's your view on Dollar?
TVC:DXYShort
by Veejahbee
USDCAD – Buyers at very good positionWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. USDCAD – Buyers at very good position Trend: Buy/ Neutral Support/Resistance: R3: 1.32490 R2: 1.31750 R1: 1.31150 S1: 1.30471 S2: 1.30000 S3: 1.29500 Price action: In this case we can see potencial buyers bounce, which can be used as a one more fact to go bullish on usdcad currency pair. Because Elite bullish trading idea is still on bearish side we have to be carefull and play on sellers fails that might happen later in this case. USDCAD currency pair have potencial buy if the price will bounce from first support level at 1.30630. Plus more usd currency is at strong momentum from overall usd index. Potencial trade idea: Bulls targets: T1: 1.31150 T2: 1.31750 T3: 1.32490 Bears targets: T1: 1.30000 NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
by EliteFxAcademy
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