Olu

Dollar Index: Triangle

INDEX:DXY   U.S. Dollar Index
241 3 4
I am track this index because it gives an overview of the collectivr strength of the greenback against the major currencies. I am actually short this index off a previous idea I published. However now price is nearing support levels and I am trying to judge whether the journey down is nearing completion or whether it has more legs.
If we get a bounce off the 9717 area it could target the 99.7 area which will smack the euro             back down to the 105 area
I think a close below the 50 ma means it's heading much lower
Reply
Olu Zentrades
I hear you CR. The 50sma is part of the basis of my trading system but price action is the first element if it. As we are so close to support area it is best to see the king of candles that will form around this area. But being bearish minded is not a bad position to have at the moment
Reply
Good job Olu, makes sense
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out