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Stronger dollar ahead?

by Gav Leave a Comment

Nothing shows up during my weekend chart screening. I decided to have a look at Dollar index(NYBOT:DX) to get a feel of over all trend direction. I am looking at the possible move into the zone of 82~83 before downtrend resumes. In other words, I might be looking at a stronger dollar for the coming week.

I am still with my previous call of weaker EURUSD. Short setup is still valid. Let’s see how it develops in the coming week.

Here is the CHART of Dollar index

Dollar_index_14June2009
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More about CHART and Triangle signal.

As usual, if you are interested in listening to my rant, and (fatal ?) market calls, follow me on Twitter.

Filed Under: Trading Journal Tagged With: EURUSD, FX, Trading Journal, USD

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Comments

  1. Daily Trader Supplies says

    at 6:22 am

    Hi,

    The dollar condition is decreasing. I hope so the economy gets stable soon. The trade suppliers looking for the conditions to get better for further investments.

    Reply
  2. Daily Trader Supplies says

    at 5:22 pm

    Hi,

    The dollar condition is decreasing. I hope so the economy gets stable soon. The trade suppliers looking for the conditions to get better for further investments.

    Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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