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USD has started strengthening − Is the trend changing?

Sun, Aug 16 2009, 22:52 GMT
by Pierre Charlebois

Trading Metro  |  View company's profile


Indeed it is always difficult and dangerous to try and pick key reversals in any market. So it is with caution that I am viewing the lasted strengthening moves by the USD. Having said that however, more evidence is showing up to suggest that more USD strength is at hand.

I am posting an Elliott Wave count on the Dollar index that I put together last Thursday and as I always say: "If correct", it suggests a larger turn is at hand.

The next few days, weeks and months could be quite interesting in all markets.

 

Dollar Index - Due for a some strength?

index


EUR/USD - The week ahead for this pair is quite important in establishing the trend

EUR


GBP/USD - This pair is also sitting at a pivot point

GBP


USD/CHF - This pair is a difficult read

USD/CHF


USD/CAD - Is the bottom in place?

CAD


AUD/USD - Interesting candle formation

AUDUSD


NZD/USD - Another reversal candle pattern on the daily

NZD/USD


USD/JPY - This pair has good break-out points defined

USD/JPY


EUR/JPY - Again a pair that is in the middle of a range but has a defined break-out line

EUR/JPY



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