Currency Corner
Free Forex News & Commentary

Market Harmonic's founder Tony Carrion is now part of the team of Forex analysts at Elliott Wave International.  Learn about EWI's round-the-clock intraday, daily and longer-term Forex market coverage.

Currency Pair Sentiment vs. USD
From the most recent Commitments of Traders (COT) Data

Unweighted Major Currency Average (UMCA) & Currency Pair Strength
(Our Proprietary Unweighted Index of US Dollar Performance)

Forex Intraday Forecasts
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Elliott Wave & Fibonacci Guide

USD: Still Locating A Bottom - But Closer

The recovery in the US dollar from February 2 appears to have been a counter-trend bounce, suggesting another low remains before it ends its correction from January 2017. That said, the UMCA, our proprietary measure of US dollar strength suggests that it should be a final low. Ideally, it'll be seen this month.

The recent rallies in the Euro, British Pound and Japanese Yen versus the USD should have more left in them, but should prove terminal and give way to their largest corrections in months. If you trade these and other FX pairs and want to catch the turn, then consider a subscription to Elliott Wave International's Currency Pro Service, where my colleagues and I provided roung the clock forex analysis. Click here to learn more

Do you trade EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, USDCAD, EURJPY, GBPJPY, EURGBP, EURCHF or AUDJPY?   Learn about EWI's round-the-clock intraday, daily and longer-term Forex market coverage.  

Elliott Wave International is now offering a Cryto-currency forecasting service, where my colleagues and I are providing round the clock coverage. Click here to learn more.

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This information is provided strictly for educational purposes. No investment advice is being offered. Those investing in these markets are encouraged to consult with qualified investment professionals and perform their due diligence before putting capital at risk.