The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE).
Charts
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Analysis
- Mid April Micro Count MusterA roll up of several hourly counts for members only.
- 3/27 Micro Count MusterA roll up of several hourly counts.
- Pi Day MusterA roll up of micro counts in crypto, commodities, and U.S. markets.
- Live Macro Count MusterA roll up of Macro Elliott Wave counts live on YouTube.
- Mid December Micro Count MusterA roll up of several micro count developments over the past few weeks.
- The Dollar Invalidates a Bullish StructureAs mentioned in yesterday’s post, the low for the dollar had to hold. It wasn’t long before the index crashed through the low putting into doubt the long term count we’ve relied upon for over a year. The next probable market action on the daily chart sports an impulsive A wave down from the September… Read more: The Dollar Invalidates a Bullish Structure
- Make it or Break it Time for the DollarThis is the last chance for the dollar index. The current low must hold or I will be forced to label the move down from the high as an impulse since a quadruple zigzag does not exist. If so, 5 waves down can only be the beginning of something mush larger to the downside. Up… Read more: Make it or Break it Time for the Dollar
- The US Dollar Finds a BottomThe US Dollar Index has found a bottom before it continues it’s historic rise. Since July 18th, the dollar issued a massive 12 week rally resulting in an impulse wave with both a third and a fifth wave extension. The resulting correction, labeled as wave 2, appears to be finished, or very close to finished.… Read more: The US Dollar Finds a Bottom