Dominate Your Market
by Jim Wyckoff
The U.S. dollar index is a basket of six major world currencies weighted against the greenback. See on the daily bar chart for the USDX futures that prices are in a downtrend and have just hit a 2.5-month low. The bears have the solid near-term technical advantage and there are no strong, early chart clues to suggest a market bottom is close at hand. The path of least resistance for the USDX remains sideways to lower. Stay tuned! Jim Wyckoff
There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.