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The Almighty US Dollar


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The U.S. dollar is trading incredibly strong relative to other currencies. Just recently, for the first time in twenty years, the dollar and euro traded at parity. What is driving that? Has there been a fundamental and structural change in the world? Or, is it just an asset trading at an extreme? On this week’s episode, Tom and Dylan debate what’s behind the dollar’s strength.

 

 

 

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    • Elliott Wave Analysis TradingLounge Daily Chart Tron/ U.S. dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave IV may be complete and the price increase again in Wave V. Tron/ U.S. dollar(TRXUSD)Trading Strategy: Tron's fourth wave correction appears to be complete at the level. 0.1051 and the price is rising again in the fifth wave. But there may be a correction in wave 2 of the fifth wave before increasing. Therefore, the overall price is entering the trend again. Looking for opportunities to open long positions. Tron/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Elliott Wave Analysis TradingLounge H4 Chart Tron/ U.S. dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave IV may be complete and the price increase again in Wave V. Tron/ U.S. dollar(TRXUSD)Trading Strategy: Tron's fourth wave correction appears to be complete at the level. 0.1051 and the price is rising again in the fifth wave. But there may be a correction in wave 2 of the fifth wave before increasing. Therefore, the overall price is entering the trend again. Looking for opportunities to open long positions. Tron/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.         Technical Analyst : Kittiampon Somboonsod   Source : Tradinglounge.com get trial here!  
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