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You are here: Home / Commodities / USD Index Bottomed Out???

USD Index Bottomed Out???

August 5, 2009 by Rajandran 7 Comments


 

Charts of USD Dollar Index shows a Basic 5 wave elliot  corrective structure ending with strong Positive momentum
Divergence which is clearly visible in MACD as the index is making lower values MACD trend to move higher.
 
Possibly the shorter term trend could change followed by lower crude,gold and stock asset prices.
 
Source:
www.marketcalls.in

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Filed Under: Commodities, Crude, Gold

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Anonymous says

    August 5, 2009 at 12:35 pm

    hello mr .rajendran,i have been visiting your site regularly , u have done a fabulous job , please keep up the good work. i want to know if i could get personal advisory services and if u do wat would be your charges. i am ready even for a profit sharing arrangement, my cell . no is 09845011001 and email id is naveenkumar1977@gmail.com

    Reply
  2. Anonymous says

    August 5, 2009 at 2:09 pm

    dear rajandran,thnx a lot fr ur inputs on aban,today it ws vry clear tht 1200 is a resistance zone fr the stock.plz cud u give ur views about satyam n whether is can b bought at these levels, warm regards,rashmi

    Reply
  3. Rajandran says

    August 5, 2009 at 2:41 pm

    Hi Naveen,Thanks for your interest in tracking my blog.Iam writing this blog just to share my learnings.Iam not interested in providing any sort of advisory services. My Objective is clear!

    Reply
  4. Rajandran says

    August 5, 2009 at 2:44 pm

    Rashmi, Iam not tracking satyam as of now

    Reply
  5. Anonymous says

    August 5, 2009 at 5:08 pm

    Hi Rajandran,Look at the dollar index over all it seems to me that we topped lately (double top oct-nov/feb-mar reversal pattern emerged) and at the same time if you see its making a decending traingle(Mar-Aug) moves and broke decade old 80 on index again which suggest to me that there is more selling pressure rather than bottoming process and I see dollar index going back to 67-70 area before any reversal.Whats your thoughts and I think Elliot 5 wave suggest that there should be much deeper correction when compared to wave 3.RegardsSuresh

    Reply
  6. Rajandran says

    August 6, 2009 at 2:33 pm

    Hi Suresh ,Suresh Iam not expert with Elliot waves.Just tracking simple and ideal patterns like 5-3,5-3-5 wave patterns. Iam just concerned with the shorter term trend reversal. Iam not interested in predicting a long term. Because most of the time the word "long term" behave almost equal to the word "Useless"

    Reply
  7. Indrajit Mukherjee says

    August 7, 2009 at 4:05 pm

    RajandranI feel still the 5th wave is on run, but its moving sideways. Though I am not an expert of elliot waves. Anyway, thanx for the GANN details and specially the book. I am seeing u became a GANN fanatic now. This inspired me to study on GANN.Regards,Indrajithttp://www.stockmaniacs.blogspot.com

    Reply

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