Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Pick Your Battles When Trading US Dollar (Webinar Recording)

Pick Your Battles When Trading US Dollar (Webinar Recording)

Jeremy Wagner, CEWA-M, Head of Education


This is a recording of a US Opening Bell webinar from March 13, 2017.

In today’s US Opening Bell webinar, we discussed the Fed’s rate hike expectations. Fed Funds futures are pricing in a 100% chance of a rate hike announcement by the Fed on Wednesday March 15. Will the Ides of March wreck a US Dollar advance? If so, consider that USD/MXN is hovering near a Fibonacci and 200 day simple moving average suggests something is going to give soon.

Also, consider that AUD/USD is stuck in a range such that if prices jump above .7662 then it may indicate a larger bullish trend for the pair.

If you are considering buying US Dollar strength, Cable is looking like a bearish pattern on a bump up to 1.2268-1.2300. According to Elliott Wave theory, it appears like GBP/USD is moving upward within a larger bearish impulse. This would place the current wave higher a wave 4. So long as prices are below 1.2382 we can consider the bearish trend still in force.

For those who are wishing to learn more about Elliott Wave patterns, join me on Tuesday’s as we demystify Elliott Wave Theory. We will spend a full hour dedicated to a pattern for the day.

If you wish to learn more about Elliott Wave theory without attending the webinars we have Beginner and Advanced Elliott Wave trading guides.

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.

To receive additional articles from Jeremy via email, join Jeremy’s distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.