US Dollar Index Analysis 09/12/14

FX:USDOLLAR   Dow Jones FXCM Dollar Index
33 0 0
Long term trend: Up
Medium term trend: Up
Significant Levels: 11217 (Horizontal Support)

Still, this index has not found a new resistance. The important thing here is the support. This index can be traded when the price dips, as the current trend is up. I don't think this index will retrace soon because the USD has been strong for the past few weeks and months. The trend of this chart will still be intact and continue to go up. This information is best to use on EURUSD             pair as this index is composed mostly of EUR currency. Therefore, in applying this analysis to EURUSD             pair, EURUSD             will probably continue to go down. This also can be used if there are common significant levels that this index and EURUSD             pair have.

The bottom line here is that, USD is strong right now, particularly against EUR.

Trade well.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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