Has the dollar bottomed out?

We have made a number of videos on the dollar index and in my latest video I show you some of the aspects we outlined in our previous video that have come to pass.

The positive divergences on the MACD indicator which we discussed last time have kicked in and pushed the dollar index higher. Longer-term major trend for the dollar index continues to be negative. In this short video you'll see what the market is doing now and what we expect it to do in the future.

As always our videos are free to watch and there is no need to register.

Enjoy the video and let us know what you think on our blog.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

3 thoughts on “Has the dollar bottomed out?

  1. hi adam,

    enjoy your blogs very much,
    I just wanted to know, I am a Intraday trader mainly using eur/usd fx
    looking at the pairs at the moment, there was a weekly triangle to sell short on the 7th december,and nothing since,I was wondering
    can I only use this on a long term trading,because if I came in short
    today, the 17th dec, I might have come in to late,I like to trade on
    1 hour 2 hour etc, ca I use your triangles.

    regards Arthur

    1. Arthur,

      You can use the Triangles for direction. I think if you couple that with other intra-day indicators that confirm the intra-day trend with the trend that the Triangles are showing you should find considerable success.

      All the best,

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