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81: The USD Index Maginot Line

  • Written by Syndicated Publisher No Comments Comments
    September 6, 2013

    The USD Index is presently sitting at a very important price level from which a major break is inevitable, that level is 81 and it is multi-decade price support.

    The nature of the multi-year pattern that precedes this point indicates that the resultant break-away move from this level will conjure both a very powerful and very persistent trending move that will catch many by surprise.  At this time, the direction of that breakaway and powerful trending move cannot be determined with any certainty.

    I have my subjective view of the likely outcome based on the analysis in this week’s free vlog – but what we don’t yet have is the clear and objective technical confirmation that we need from our trend analytics models in order to assume a new intermediate-term trending bias.

    Accordingly, we will wait for our proprietary trend analytics to technically confirm the next major trending move in the USD Index and that confirmation should provide a unique opportunity.

    As soon as that trend signal does trigger we will immediately advise our paid subscribers. So this is an important time for anyone who follows currencies and commodities and we should all be paying attention to the USD Index right here because quite clearly something big is afoot.

    Enjoy the video!

    [youtube]http://youtu.be/EDrQ0k6yPjI[/youtube]

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    Paul Thomason

    Editor, Elliott Wave Market Service

    Images: via Flickr (licence attribution)

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