fuse-forex

Looking like a flat week...

TVC:DXY   US Dollar Currency Index
32 0 10
Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice.

Unless the dollar breaks this trendline or key support level . The problem with where the USD sits, along with other pairs like the EUR/USD             , is that they are at levels where sellers of the dollar are waiting to see if they want to take profits, and buyers of the dollar are hesitant to trade with size until they see reversal signs. This combined with a lot of speak from the FED and ECB officials this week has created an environment that we expect to see much more of in 2016 - sideways trading. On the other hand, volatility could pick up quickly if this dollar breaks support here on conviction. Truly, this is an environment where it's okay to play, but very important to keep position size relevant.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out