cashmachine01

USDOLLAR Elliott Wave Count

FX:USDOLLAR   Dollar Index
37 1 2
Expecting one more drive down here to complete the lower degree 5 waves of wave 1. Wave A is also usually an impulsive corrective wave so I would expect to see 5 waves, either way signals a higher likelihood of another wave down.

Currently at a 0.764 level and price action is flattening on lower time frames.

I am currently short USDJPY             based on analysis of USDOLLAR             and JPY both are at .764 retracement and appear to be headed lower.
After the weekend there may be further upside, with forecasts for upcoming data strength as well as Fed rate hike possibilities on the horizon. Watching closely
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