Sunday, January 20, 2013

Day Trading US Dollars / US $ Index

Hi traders! This week let's focus on US Dollars Index.

Day Trading Monthly Chart

[caption id="attachment_5822" align="alignleft" width="90"]FDAX 03-13 (Monthly)  11_2008 - 1_2013 US$ Day Trading Monthly Chart[/caption] On monthly chart, we can easily see are  "Long trend" with a possibility of Short opportunity . Be aware, this month is not finish yet, and the candlestick can be different at the end of this month. Also look on volumes, they drop...no surprise at this level price. That mean we are going in a consolidation zone to see if buyers will keep buying or sellers will take over.  

Day Trading Weekly Chart

[caption id="attachment_5823" align="alignright" width="120"]FDAX 03-13 (Weekly)  Week 33_2011 - Week 3_2013 US$ Day Trading Weekly Chart[/caption] For now,Sellers are wining. The reason I'm waiting till the end of this month, is because we may see sellers win for a short terms. And then let buyers take the control of market to exhausts them. And then, Sellers will take control again more easi [...]

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