Elliott Wave Analysis: USD Index Could Be Already In A New Impulse Higher

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Price on USD Index from 99.19 broke out of a downward channel early in February so it appears that market is turning back to bullish mode. As such, resumption higher can unfold in impulsive manner over the next few weeks, with very strong push up into wave 3.

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USD Index, 4H

 

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.