USD spot index on both weekly and daily are below the Gann hi-lo.
The big advantage here is, this is not the futures contract. The price movement you see here is coming purely from the spot market price, therefore giving you a more precise indication of how much it's actually moving the market.
For me the biggest advantage is being able to analysze the USD in isolation, on its own merits. It's by far the biggest beast on the block, but most of us are only looking at it in terms of other pairs. This flaws your analysis because the other side will always cause a statistical bias.
Look at the huge volume declines here the last 5 weeks, it is extremely noticable. This along with the VIX in a steady decline and global equity markets rising makes it pretty easy to distinguish sentiment change.
The big advantage here is, this is not the futures contract. The price movement you see here is coming purely from the spot market price, therefore giving you a more precise indication of how much it's actually moving the market.
For me the biggest advantage is being able to analysze the USD in isolation, on its own merits. It's by far the biggest beast on the block, but most of us are only looking at it in terms of other pairs. This flaws your analysis because the other side will always cause a statistical bias.
Look at the huge volume declines here the last 5 weeks, it is extremely noticable. This along with the VIX in a steady decline and global equity markets rising makes it pretty easy to distinguish sentiment change.
Skype: heliosphan187