The US Dollar Index initially fell during the day on Wednesday, but found enough support below to turn things back around and form a hammer. The hammer of
The US Dollar Index initially fell during the day on Wednesday, but found enough support below to turn things back around and form a hammer. The hammer of course is a bullish sign, so we feel that the US dollar will continue to climb. With this, we anticipate that this market will reach towards the 98 handle given enough time. We have no interest in selling, and believe that buying is the only thing that can be done at this point in time. Ultimately, the volatility is one of the things that you can certainly expect at this point.
US Dollar Index Forecast August 20, 2015, Technical Analysis
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.
