TacticalTrade

US Dollar Uptrend

Long
ICEUS:DX1!   U.S. Dollar Index Futures
USDX

Daily Chart: Price hit recent support. Look for price to bounce and resume its uptrend.

***Price bounces higher every time price consolidates in the areas of the moving averages.***
Trade active:
US Dollar bounced higher after touching key support area. Trend continuation, upside.
Trade active:
FEDs minutes more hawish than thought. FED may raise interest rates even more.
Trade closed: target reached:
US Dollar extended gains, just a day before Jackson Hole. Fed expected to continue raising rates in order to stall inflation, this information is reflected in US dollar's rise.

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