The US Dollar Index went back and forth during the day on Wednesday, forming a bit of a neutral candle. In fact, you could say that this candle looks more
The US Dollar Index went back and forth during the day on Wednesday, forming a bit of a neutral candle. In fact, you could say that this candle looks more like a hammer, and with that it makes sense we continue to go higher. We are in an uptrend after all, and it appears that the 99 level is offering a bit of support. We believe that there is a massive floor in this market closer to the 98 level, so at this point we have no interest in selling this contract.
US Dollar Index Forecast November 12, 2015, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
