Olu

Dollar Index: Triangle

INDEX:DXY   US DOLLAR CURRENCY 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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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