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The USD Index: Having Reached Important Supports, It's Primed for Upswing Now

From sunshineprofits.com

The USD Index is setting itself up for a sizable move that we won't watch disinterested. The charts have sent their message, upon which we have acted. Let's assess the outlook for the days ahead as it stands right now. Today, we will cover the USD Index as opposed to the individual currency pairs. It's also tradable, as there are futures on it (DX symbol) as well as ETFs, for instance the UUP and the UDN. In short, based on the overnight decline to the previous lows and the rising support line, our yesterday's waiting order has been executed, opening the long position in the USD Index. Let's take a closer look. The ... (full story)

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  • Category: Technical Analysis