US Dollar Flexes Bullish Muscles (Webinar Recording)
This is a recording of a webinar from February 13, 2017. To attend a live webinar with Jeremy obtain your free registration here.
We started with DJIA (5 minute to 11 minute mark in the video) and the price broker out above the 19,782 low and the 20,138 high range established during last week’s webinar. This is indicative of a continued bullish move and the next significant wave relationship appears near 20,600.
Two currency markets we are watching closely is EUR/USD (16-22 minute mark) and USD/JPY (22-33 minute mark). Both patterns suggest a bullish dollar move may be starting soon.
Lastly, Gold is in interesting market in that wave relationships are lining up near $1280 as a potential reaction point (59-64 minute mark). Here is the link that was discussed in the webinar on how the Gold pattern was bullish towards $1280.
---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.