Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

US Dollar Index trading plan Death Cross 2015

% of readers think this story is Fact. Add your two cents.


US Dollar Index trading plan

The US Dollar index has a Death Cross (see previous article), this could be a turning point for the dollar or it could be a brief period of consolidation then a continuation to new highs.  Presently, price is at 94.90 area and has been moving down breaking a supporting trend line.   If the dollar index price closes below this area then we can look for a continuation to the next support at 94.255, the previous swing low, which could be support.  If sellers pick up volume we could see price test to 92.60.

The volume on the Dollar Index DX 12-15 is decreasing with a slight bump up on the daily as sellers moved in breaking the supporting trend line.  Take note that from the move down on August 21 we have  large capitulation volume sell off.  this topped 140,000 contracts.  average volume this past week has been 26,704 contracts and has been under the weekly average drawing it down.

Dollar index Trading Plan for late October through November 2015

Sell side to support through October, will be selling the rallies and shorting in to any continuations if meets risk criteria.  November, watching for a buy side opportunity after some sort of downside support or capitulation revealing the Market Makers levels.  November is typically a strong month for the dollar index, although last year we saw mostly consolidation.

China is also back from vacation and it looks like they will continue their own Quantitative easing program.  Their best interest seems to devalue the Yuan.  More on this later.

Outliers to watch for:  Ukraine has been quiet as the US has been played out of our unseating of Syrian Assad.  This could be a hot point as many international player have brought planes, boats and missiles to the game.  Europe, could see more unrest as immigrants fleeing the previously mentioned situation are thrown into the winter months and no place to live.  Demonstrations could be on the social menu both for better living situations, and those opposed to the refugee numbers moving in.  There are to many financial outliers to list as derivatives, ETF’s, credit swaps, and other financial products are soaring.

Next week, more on the catastrophe hedge, Gold.

The post US Dollar Index trading plan Death Cross 2015 appeared first on Day trading course S&P 500 learn how to trade day traders..



Source: http://www.moneymakeredge.com/blog/trading-plan/us-dollar-index-trading-plan-death-cross-2015/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.