Weekly Comparison Structure of the Dollar and Gold May 27
Per reader request, let’s take a quick look at the US Dollar Index and the Gold Market on a 3-year weekly chart basis, noting key Fibonacci levels and possible long-term targets.
A Quick Look at Crude Oil and the US Dollar
I posted yesterday about “Crude Oil and the S&P 500 Index” but let’s take a look now at Crude Oil and the US Dollar both on the weekly timeframe. Crude Oil (WTIC): Crude Oil seems to be completing a “Rounded Reversal” pattern that I’ve been highlighting for some time now, and we’re finally getting a…
A Quick Large Scale Elliott Wave View of the US Dollar Index
With a new week upon us and the broader markets finely balanced between key inflection points, I thought it might be a good idea to take a longer-term view, using Elliott Wave, on the US Dollar Index. US Dollar Monthly: (You’ll need to click for a larger view) I’ve fractalized the count starting back with…
Daily Chart Positions of the US Dollar and Crude Oil
From the looks of it, the US Dollar Index is breaking down while Crude Oil and other commodities appear to be building bases. Let’s take a quick comparison of the US Dollar Index and Crude Oil prices to see these developments in price structure. US Dollar Index: The Dollar formed a wedge pattern in mid-November…
US Dollar Index Structure and Support Zone
With many eyes focused on the US Dollar Index, the value rose significantly, surprising many analysts, but now is experiencing a pullback in prices. What does the structure look like and where will we likely find potential support? Let’s look. US Dollar Index Daily Chart: The US Dollar Index turned a new leaf and emerged…