Technical Analysis: USD Index: Trend change still unconfirmed

[Carlos]

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Elliott Wave chart analysis for the USD Index for 10th May, 2011. Please click on the charts below to enlarge. Main Wave Count Not much has happened with the dollar in the last 24 hours as price basically just moved sideways. The main wave count sees the double zigzag correction for wave 2 maroon as incomplete while the alternate wave count sees the wave 2 maroon correction as complete. This main wave count sees wave 4 pink as complete and expects downwards movement for wave 5 pink to complete http://feeds.feedburner.com/~ff/technical/analysis-reports?d=yIl2AUoC8zA (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=uBusglqbJTE:HEpmNLqmjJc:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/technical/analysis-reports?d=qj6IDK7rITs (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=uBusglqbJTE:HEpmNLqmjJc:qj6IDK7rITs) http://feeds.feedburner.com/~ff/technical/analysis-reports?i=uBusglqbJTE:HEpmNLqmjJc:F7zBnMyn0Lo (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=uBusglqbJTE:HEpmNLqmjJc:F7zBnMyn0Lo)


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