June 13, 2013
- in Uncategorized by schooloftrade
Dollar-Index day trading strategy
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| Dollar Index Correlation Strategy |
We can see
that the Dollar-Index has rolled forward to the 09-13 contract this morning,
ahead of the currency Futures and e-minis which will be rolling over tomorrow
and early next week. We don’t have Gold or
Crude Oil rollover this week, those will be down the line in the Future. We see the Dollar-Index has broken the
bearish price-channel and we have plenty of resistance levels overhead that
will act for price-reversals. Remember
the negative Dollar-Index-correlation works best with Euro and Gold this
morning, so this resistance on the Dollar-Index acts as SUPPORT on the markets
we will be trading this morning.
that the Dollar-Index has rolled forward to the 09-13 contract this morning,
ahead of the currency Futures and e-minis which will be rolling over tomorrow
and early next week. We don’t have Gold or
Crude Oil rollover this week, those will be down the line in the Future. We see the Dollar-Index has broken the
bearish price-channel and we have plenty of resistance levels overhead that
will act for price-reversals. Remember
the negative Dollar-Index-correlation works best with Euro and Gold this
morning, so this resistance on the Dollar-Index acts as SUPPORT on the markets
we will be trading this morning.
