DX: Dollar index long term uptrend continues

ICEUSA:DX1!   U.S. Dollar Index
Odds are that we're seeing the resumption of the long term advance suggested by the 6-month and 2-month charts in the dollar. Right now, it's pending confirmation, which will materialize once price hits the 99,58 mark here.
There are to logical targets for this rally, one 7.82 points higher, and the other at 116 give or take.

If price manages to break above 116, it can go considerably higher, but it would take a massive fundamental catalyst to fuel this type of advance. I'm of the idea that we will get an interest rate hike in December, which could possibly manage to push the dollar high enough to trigger this brutal rally my 'divination' here shows.

Good luck.


Ivan Labrie.
One obstacle against this idea is the US presidential election, and two brilliant and lovely candidates.
+1 Reply
IvanLabrie PRO vahid.aliz
Yes, you're right, but that's a short term distortion if anything. I think it's fairly safe now.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out