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TOPIC: USD index

USD index 15 Nov 2012 10:35 #1

  • KI
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Think we will need to see this index top out at around 10075, before its worth trading against the dollar. So from that point i wont place many trades now until i can see some price action off of significant support or fibbo no`s. I am holding any present positions however. KI.
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USD index 14 Nov 2012 11:31 #2

  • remo
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This did bounce of resistance yesterday.
So i think the upside is limited for the very short term before it can build strength again to go higher
The doji is a sign of indecision .

What this basically is the average of all the charts of all the currency against the dollar .

So if you have been long against the dollar against any other pair you should have done well.
when trading currency pairs against the dollar its well worth looking at the dollar index to gauge if its bullish or bearish. This gives you the added confidence to trade
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