Is the Dollar Index in trouble?
According to the dollar index (DX), which is a basket of currencies that track the dollar, it would appear as though the dollar is indeed going to be coming under more pressure. The dollar index is much like an index for stocks except in this case it is for currencies.
The U.S. Dollar Index consists of six foreign currencies: 1. Euro (EUR) 2. Yen (JPY) 3. Cable (GBP) 4. Loonie (CAD) 5. Krona (SEK) 6. Franc (CHF)
In my new short video on the dollar index, I will show you some previous successes that MarketClub has had. I will also cover an important signal we have just received, that in my opinion, will lead to further downside weakness in this index.
As always, the videos are free to watch and there's no need to register. I would love to get your feedback about this video and your own predictions about this market on our blog.
All the best,