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TFC Commodity Trading Forum

U.S.$ Index/ Watch Carefully *PIC*

DX bumped up against its downtrendline resistance but is still hovering right at the downtrendline after poking its nose above. Also note price has had a higher low well above the mid Sept low and now has had a higher high above the early Oct high. Price should turn one way or the other from here with significant movement with inverse markets. DX could easily breakout from here and rally as easily as selloff again. The higher low and higher high with a small pullback often sees price breakout on the upside so I would not bet against this occurring. If so a typical October correction would occur in most inverse markets. Bottom line: Expect some sharp price moves with most markets from here either way.