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US Dollar Index Forecast August 14, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 14, 2015, 05:09 UTC

The US Dollar Index gapped higher at the open on Thursday, and then went back and forth. By printing a neutral candle, it looks as if the market is simply

US Dollar Index Forecast August 14, 2015, Technical Analysis

The US Dollar Index gapped higher at the open on Thursday, and then went back and forth. By printing a neutral candle, it looks as if the market is simply going to grind away in this general vicinity. With that, we have no interest in trading this market, but we will use it as a barometer on the strength of the US dollar in general, and then place our trades accordingly in the spot Forex markets. Having said that, if we broke above the top of the range for Thursday, we could be tempted to get involved to the upside, but recognize that a lot of volatility will be the norm.

 

US Dollar Index Forecast August 14, 2015, Technical Analysis
US Dollar Index Forecast August 14, 2015, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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