USDX headed to the bench for oxygen in the European session after what has been a dramatic move higher for the week. We still prefeer this downside to be corrective while above 74.90 and 74.20 today. The corresponding levels I’m watching for the EUR/USD are 1.4300-1.4340 and the 1.4500 swing high. The move higher from […]

Going into the European open I would encourage you to read (if you haven’t) over the Overview posted for the U.S. close. We are holding the levels mentioned for the USDX and EUR/USD, but prices need to finish up here very soon to keep the structure pointed our way for the very near term. Asia […]

Daily technical video updates for 6.8.2011, we see a USDX ending a cycle the question is if the cycle is the end of the correction or is just either wave I of 5 or wave or wave I or C.

Guys, see the USDX making the final move to completed a 5 waves move , so we are expecting a bounce in the USDX , the nature of the bounce will dictate the next two mothns of trading. thanks

We forecast the Forex market for 6.1.2011 , We believe the USDX is ending the third wave from last month high, we see S&P trading lower into the wave C of wave 2.