ProFX_Strategist

The future of the USD is at hand...

TVC:DXY   US DOLLAR CURRENCY INDEX
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It looks like we are presently in a interesting point of time (to be able to make some potential great profits)... Also bear in mind that this US Dollar Index             will be affecting/determining all USD related pairs...

Green arrow; means that it will break-out into a potential steep drop... (The USD is going to give back the up-rally it has gained from/since year 2015...)

Red arrow; means the USD will bounce back-upwards from this very-significant 94.000 support area... (The USD is going to get stronger once again & perhaps make a short rally/impulse to the upside; could be just another short-term burst of strength perhaps...)

The rest is for you to analyze it fundamentally (e.g. are some events/decisions going to "jawbone" the USD passed it's current support level...? Or is a strong up-rally going to happen once again in positive anticipation of an upcoming FED Interest Rate Hike...?)...

Does it looks/feels to have more easier/chance to go up, or more easier/chance to fall...?

Talk about positive-interest-rate hikes or negative-interest-rate hikes, & then the market's response/reaction to it (the result can always defy logic & surprise you)...
Aiming to be a "marksman" in scalping & "speculation". As retail traders, we are just "speculating" these markets-volatility in our retail-trading-platforms (E.g. we do not physically owned 100-Lots of Gold nor is storing a thousand-barrels of crude oil)
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