USD Is Making A Bullish Turn
Apr 14 2016
USD is up in the last 48 hours against EUR, GBP, CHF and JPY. So what was the catalyst for a turning point? Any fundamental news, events, any speeches, or it was maybe just the "shape and structure of the pattern"? Well, we recognized an ending diagonal; it's the most powerful pattern in Elliott Wave theory, slow move that causes a very strong reversal. With this pattern you can also predict a target as well, not only a direction. Usually price will retrace back to the start point of an ending diagonal which was at 95.05. it was touched this morning.
So, did you recognize the pattern on time? Do you know where USD is likely headed from here? Check our services and get our latest updates today!
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