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Hey traders!

Below is new video analysis for DXY, NZDUSD, EURUSD, SP500 and EURGBP sponsored by Orbex.com
 

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Hey traders!

Below is new video analysis for EURCHF, USDCAD, EURUSD, SP500 and EURGBP sponsored by Orbex.com
 

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Below is new video analysis for EURUSD, AUDUSD, AUDJPY, SP500 and EURGBP sponsored by Orbex.com
 

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Hey traders!

Below is new video analysis for EURUSD, DXY, AUDJPY, SP500 and XAUUSD sponsored by Orbex.com
 

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Below is new video analysis for EURUSD, AUDUSD, NZDUSD, SP500 and USDMXN sponsored by Orbex.com
 

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Hello traders, today we will talk about USDCHF pair. We will show you price action from technical point of view and wave structure from Elliott wave perspective.

USDCHF came higher very aggressively back in April and at the start of May, but after recent slow down for the US dollar , we can see USD is the weakest against CHF currency. So, USDCHF pair can be now trading in an Elliott wave (A)-(B)-(C) corrective decline.

In Elliott waves , we always have to expect corrections to be made by three waves A-B-C, especially if we get a five-wave impulse in the first leg A.

With current sharp and impulsive decline, USDCHF can be now finishing an Elliott wave five-wave cycle within first leg (A). So, bounce and Elliott wave three-wave A-B-C corrective recovery in wave (B) can be around the corner before we will see another decline for wave (C). Resistance can be anywhere between 0.98 – 0.99 area.

Happy trading!

Elliott Wave Intraday Analysis: USDCHF Is Slowing Down by ew-forecast on TradingView.com

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Hello traders, today we will talk about US dollar Index- DXY compared to US stocks, specifically SP500 .

What we see on DXY is an intraday five-wave decline from the highs after a completed higher degree wave 5th. In Elliott wave theory it means that US dollar may face bigger A-B-C corrective decline, especially if we consider 5th wave and strong support on SP500 .

Now that SP500 keeps pushing lower with room for more weakness within wave 5, DXY could face a corrective recovery into wave B. Later then, when SP500 completes its 5th wave and finds the support, this is when can expect further weakness within wave C for the US dollar .

Trade well!

DXY Is Slowing Down As Stocks Nearing Support by ew-forecast on TradingView.com