May 13, 2013
- in Uncategorized by schooloftrade
Dollar-Index Correlation
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| Dollar Index Futures |
We begin
with the Dollar-Index correlation which is very strong with currency Futures such
as the Euro, Aussie Dollar, the Swissy and the Canadian Dollar. This morning we can see the Dollar-Index is
rising higher in the longer term but trading sideways in the short term. We have a large green cloud, which tells us
the buyers have been in control, but we need to see this price-action moving
higher again so we can use the negative correlation with the currencies we will
be trading this morning. With new higher-highs
on the Dollar-Index we are then looking to sell SHORT on markets such as Euro,
CAD, Aussie, Swissy, Pound and more.
with the Dollar-Index correlation which is very strong with currency Futures such
as the Euro, Aussie Dollar, the Swissy and the Canadian Dollar. This morning we can see the Dollar-Index is
rising higher in the longer term but trading sideways in the short term. We have a large green cloud, which tells us
the buyers have been in control, but we need to see this price-action moving
higher again so we can use the negative correlation with the currencies we will
be trading this morning. With new higher-highs
on the Dollar-Index we are then looking to sell SHORT on markets such as Euro,
CAD, Aussie, Swissy, Pound and more.
