June 3, 2013
- in Uncategorized by schooloftrade
Dollar-Index-correlation strategy
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| Dollar Index Correlation Strategy |
We can see
the Dollar-Index has pushed to new highs this morning above the London trading
Session and pulled back to test the trigger-zone support just before pushing
higher again. We can see symmetry resistance
way up above us at 83.365 so we know where the Dollar-Index is TRYING to move
this morning, but we will still need to wait and see if it can get there.
the Dollar-Index has pushed to new highs this morning above the London trading
Session and pulled back to test the trigger-zone support just before pushing
higher again. We can see symmetry resistance
way up above us at 83.365 so we know where the Dollar-Index is TRYING to move
this morning, but we will still need to wait and see if it can get there.
We assume this Dollar-Index will continue to
rise higher this morning, which will cause of markets such as Crude Oil, gold
and euro to move LOWER with the negative Dollar-Index-correlation.
rise higher this morning, which will cause of markets such as Crude Oil, gold
and euro to move LOWER with the negative Dollar-Index-correlation.
