US Dollar Index Downtrend Over DXM1


(click for larger and clearer image)

The downtrend in the US Dollar Index that began at the beginning of the year has been broken. The trendline starts at 82.00 and trades to a low circa 73 before the candlestick trades through the trendline at about 75.

If you’re following along at home, you’ll look for the chart to consolidate before taking substantial longs. Daytraders will be scalping long.

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