USDX (82.731) : Critical Point 82.732

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

Hong Kong Qindex 03:44 GMT March 10, 2013 - My Profile
USDX (82.731) : Critical Point 82.732 : Reply
Sell usdx
Entry: Target: Stop:

USDX (82.731) : Critical Point 82.732

The monthly cycle projected series indicates that the market is working on the barrier at 82.536 // 83.056. The monthly cycle congested area suggests that the market has a tendency to trade below 82.982. In last week the market hit a low and a high at 81.955 and 82.945 respectively and it closed at 82.731 which is also a critical point in my working system. It is reasonable to believe that we may have seen a recent high of USDX in the last New York session. Sell on rallies is the preferred trading strategy for next week.

Qindex.com

USDX : Monthly Cycle Charts
http://www.qindex.com/usd.html

Forum Policy

Return to Index