The video below is a short clip captured from NY Live Analysis Session held on 2/24 where EWF Founder & Chief Currency Strategist, Eric Morera is showing 4 Hour Elliott Wave count of USDX index, forecasting the decline from precisely determined technical area: 98.364-98.799. Besides forecast Eric is listing the techniques we follow while analyzing the market and sharing some words of wisdom, highlighting that consistency in trading is very important in order to succeed.
$USDX Elliott Wave analysis from 2/24 suggested the completion of the wave ((X)) connector at 98.364-98.799 area and further decline in wave ((Y)) looking for fresh new lows below the previous ((W)) low : 95.25 (02/11 date) . That break would confirm further extension toward proposed technical zone at 93.37-92.14 as a potential target area.
On March 17th we got the break of the mentioned 95.25 low and on April 29th upper level of target area was reached @ 93.37.
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