ForexFloorTrader

ForexFloorTrader Updated 

Price Target: 108.00 (June 2017) Zooming in from the Long Term Look at the US Dollar and looking over the intermediate (3 mo. to 6 mo.) term the minimum Price Target for the US Dollar based upon traditional measurement methods indicates a Price Target of 108.00. To help establish a time frame of the Price Target the Andrews Pitchfork was utilized. The Andrews...

ForexFloorTrader

This chart shows the US Dollar from 1986 to 2016. Each candle represents a period of one month. The first thing we should notice is that we do not know where the top of the market was in late 1985 due to limitations on the data provider. So in order to establish long term trend lines I first drew the solid thick blue trend line off the two major bottom...

ForexFloorTrader

The US Dollar has completed Wave A and B of an ABC corrective wave pattern. The dollar is now in the process of printing out wave C. Currently the dollar has one more small move upward to complete a small abc pattern. Once the small abc pattern is complete then the dollar will continue on its journey downward to complete Wave C at target 1. On its journey...