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Forex Wave Analysis

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In the previous post I wrote about the FXCM USDOLLAR Index I discussed the prospects of seeing a move back under the 11,634 level prior to the USDOLLAR index continuing it’s bull run into higher levels. Since the time of that writing we did in fact see a move lower only to find support at the lower channel line that had been forming since May of 2015. We have now moved back higher and are now again testing resistance at the upper channel line. The next few trading sessions should be telling as

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