Trade weighted Dollar Index: At yearly support

2016년 5월 8일

The dollar has found support at a long term level in the yearly chart.
It's clear we'll see a dollar rally, specially against EM currencies for an extended period of time.
We can expect a move to 91.22, but if we manage to move above it, we could see uptrend continuation into the highs, and potentially new highs in the long term.

My reccomendation: Found viable long entries in USD against EM currencies, like the ones I've posted. Focusing on continuation will be an extremely profitable exercise.
See related ideas.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers,

Ivan Labrie.

Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

2016년 5월 10일

노트

Acting as expected. Solid support.

2016년 5월 19일

노트

1 month almost retraced in full, seems promising.

2016년 8월 31일

노트

Stopped dead on there...now back up.

2016년 12월 1일

노트

Perfect.