Called for USDX to 81.10 on 7.27.2012. Wave structure has now changed but target has been hit. For our updated view please subscribe for our 14 day trial plan by clicking on link on the right.

We took an in-depth look at USDX wave structure on Daily chart and discuss possible paths for this correction. We also discussed different possibilities in the short-term.

Date Pair Position Stop Limit Result 01.08.2012  EURGBP  0.7895  0.7955  0.7725  +50 (Manually Closed) 01.08.2012  EURUSD  1.2175  1.2110  1.2425  Cancelled 01.08.2012  EURJPY  95.50  94.60  97.60  +70 (Manually Closed) 06.08.2012  EURJPY  96.83  97.23 (Revised) 98.03  +65 (+45)(+20) 07.08.2012  USDCAD  0.9955  0.9905  —–  -8 (Manually Closed) 08.08.2012  AUDUSD  1.0585  1.0605  —–  -20 (Stop Loss) 12.08.2012  EURUSD  1.2275 […]

See how we called this move lower in $USDX during our weekend analysis