haug01
Long

DXY is turning up off its trend line.

TVC:DXY   US Dollar Currency Index
DXY             has had a big decline. If this upward turn continues, it all affect gold             , multiple currencies, and other commodities . I went long UUP             in my 401k Friday, June 29,2017. I went long on the DXY             future last night.
whats the strongly recomd on that.....
this supporting line is not only the reson for go long
Reply
haug01 PRO sushil6002
@sushil6002,
I also follow XAUUSD and JPYUSD. When those fall, usually DXY is rising (the EURUSD is the largest component of DXY, other currencies are smaller). Over on the very left side of the graph there is a triangle which breaks out up. That triangle is also a support line. Like FOREX, futures are highly leveraged. A small change on this scale is already up 27%. My stop loss is in place. It OK to watch this for many more days and watch for a stronger trend change signal (breaking the down trend line, inverted head and shoulders, etc).
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out