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TFC Commodity Trading Forum

Watch DX *PIC*

DX sold off in December which is typical for its seasonal trend. January is traditionally one of the strongest months of the year for the U.S.$. This would have a negative effect for inverse markets should it continue its seasonal trend. So far price remains below its 5 month downtrendline and below price resistance at 80.43 which is also at the same point. Note how today's selloff came back and closed above its 20ema with a very long tail. Keep an eye on that 80.43 price point as a breakout would see DX rally and trash inverse markets. That would wipe off the smirk on many bullish faces which is what the market is famous for. Also note how the Emini approached its Sept/Oct double top today of 1460.

Messages In This Thread

Watch DX *PIC*
Re: Watch DX/Update:Breaking out! *PIC*