Loading ...Dollar Looking Bullish
Price divergence with EWO looks good. Dollar may have hit its low. Euro may have topped. Dollar is at a critical point. It either breaks out from here or this is a 3-wave corrective with more downside to come. Chart is bullish. Morning gap implies a 3-Push up from here.
thanks trek trader for your charts….
http://charts.dacharts.net/2015-05-18/d1a679.png
gdxj.. ive been looking at this as a possible wolf wave target in gdxj.. any thoughts
Daily chart may be good for one but don’t trust it:
Pt1 25.24 Pt3 26.40 Pt5 27.29 with Pt4 24.42 giving target of 23.50 or so
2HR Chart EWO is telling us we have at least one more high above 27.29. The height of the EWO actually is pointing to at least two more highs.
http://charts.dacharts.net/2015-05-18/d1a682.png
is this what your thinking trektrader.. one more pushup beyond the 27.29 (or maybe two more)
Daily chart is a BUY — CCI(10), RSI(5), FastSTO(7), SlowSTO(5) all have trigger line crosses to upside. 103 Dollar could be in the cards… I think we’ve hit the bottom and are heading up…. This is not necessarily a negative for Gold as Gold has in the past gone up with the Dollar.
If you look at the 2HR chart, although I don’t like the symmetry of the WW, immediate target might be around 25. (Assuming Pt4 at 25.02 with Pt1 25.36, Pt3 24.69, and Pt5 24.50/24.47)
But everything seems to be hanging on Wed Fed minutes…. hmmmmm….