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(Video) More US dollar Weakness?

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Nov 02 2010

Elliott Wave Video Update (Eur/Usd, Aud/Usd, Usd/Chf, Oil)

Global markets are trading higher since the GDP numbers were released on Friday, pushing the US dollar lower across the board, especially against the Australian dollar as the RBA unexpectedly hikes rates to 4.75%.

However, in this free Elliott wave video review you will notice that US dollar is not headed lower only against Australian dollar, it also looks bearish against the Swiss franc and Euro which should break out of the triangle structure soon!



(Video) Temporary Top In Place On Eur/Usd!?

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Nov 07 2010

Eur/Usd reached new highs in this past week, but was very bearish on Friday, which actually could lead to some deeper decline in the coming week. In this free Elliott wave video, we will present you the main technical reasons that could drive the Eur/usd lower, maybe even towards 1.3800 region, while the 1.4280 top is in place.


Aud/Usd Intra-day: More Strenght To Come

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Nov 09 2010 02:50 EST

Aud/Usd moved lower during Asian session, driven by lower stocks prices and formed a clear corrective decline from 1.0181 region, called a double zig-zag pattern in wave 4. Bottom of this choppy overlapping structure should be very near, so no doubt, new highs are expected!



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Oil: 4h and 30min chart

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Nov 15 2010

Oil reversed very sharply from 88.50 area, and fell through the red support in the past week. Personality of a decline and a daily close below red line confirms that temporary top is in place and that prices are headed lower, towards the 82 region. As such, we will be looking for a three wave decline since we believe that five wave, impulse structure from 72.60 region is finished.

4h chart:



30min chart

Five waves down on 30min chart confirms a bearish reversal, so we will likely see much lower levels in coming days, once a corrective wave 2 is done. Wave 2 may retrace even to 87.00 area before prices fall deeper. Top at 88.57 must hold now.


( Video) Eur/Usd and Dollar Index

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Nov 15 2010

Hello traders!

In this video you will find an answer why we don’t like Long Eur/Usd from here, and why we could see a move into a new low, before upward correction finally appears.

You will also find out why you should always keep an eye on Dollar index price action.



AUD/USD: Corrective Recovery From 0.9720

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On a 4h chart we can see a nice five waves of decline from the most recent highs, established at 1.0175 region. As such, an upward reaction from the 0.9723 region is actually not a surprise as we know that a corrective pull-back always follows when five wave, impulsive move completes.

With this being said, Aud/Usd should reach levels around 0.9950 and parity level, in a three wave A-B-C formation before we may look on the short side of this pair again. We will focus on a 61.8% Fibonacci retracement level where a potential reversal from a wave 2)/B) may offer a nice opportunity for deeper levels, while top around 1.0175 must be hold!

Aud/Usd 4h chart:




Dollar Index: "Temporary Top"

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Nov 22 2010

Risk is on today (higher stocks) on news of Ireland's bailout package, which however is still not fully confirmed. Stocks may easily trade even higher today and push the US dollar even lower against the majors, since we know that higher stock are positive correlated with the Eur/Usd, Gbp/Usd, Aud/Usd... A current trend is also confirmed by a bullish price action, five waves up on Euro and five down on Dollar Index, but we should see corrective pull-back against these moves, before trend will be able to continue.

A five wave of decline on Dollar Index from the most recent high suggests that temporary top has been established. As such, we will look for at least one more push lower, once we will be able to identify a corrective wave B.

Dollar Index 1h chart:




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