IvanLabrie
Long

Trade weighted dollar index: Strong fundamentals and technicals

FRED:DTWEXM   Trade Weighted U.S. Dollar Index: Major Currencies
The trade weighted dollar index             shows a very healthy quarterly rally here. We've now retested the yearly resistance from the previous downtrend, after breaking above it, and it acted as support so it's clear to me bulls are in control. Once we break the previous quarter high, odds of the uptrend resuming will increase, and will be fully confirmed after a 3.70% move up from the previous close during Q3, or if Q4 opens and closes above Q2's high without retesting it.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

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Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ

We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
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