US Dollar INDEX
January 8, 2016
|
Wagdy F. Taher
Today
the 3 stars news NFP will announce within one hour on 1:30 GMT 8th Jan
2016, which is considered as another confirmation for stability of
increase the interest rates for coming session (Mar'16).The forecast for
NFP 200K v/s previous 211K.
Also the Unemployment Rate (Dec) forecast 5% v/s same for previous.Hence, according to our Elliott Waves opinion (point of view) for the US$ Index we expect the both or one will be negative and against US$ Index , hereunder the technical point of view:
Also the Unemployment Rate (Dec) forecast 5% v/s same for previous.Hence, according to our Elliott Waves opinion (point of view) for the US$ Index we expect the both or one will be negative and against US$ Index , hereunder the technical point of view:
Waves Structure :
The
wave down started 100 x till levels 97 is Impulse wave (a) , then
correct by "wxy" 335 - 335 structure complete wave (b) , followed by 1st
wave in (c) "i" and mostly finish the wave "ii" .Therefore we expect to
complete the 5 waves structure of wave (c) at level of 95.13 - 94.70 ,
taking consideration the levels of wave "iii" @ 96.18 & wave "iv" @
97.05..
Good-Luck with my regards,
Wagdy F. Taher
