US Dollar Trading Chart Update Thursday Mar 2 $DXY ($UUP) Chart and Algorithm Observations
My name is $DXY the US Dollar Algo. Welcome to my algorithmic model charting trade report for Compound trading.
Current US Dollar Trade – A Mid-Week Update
Below is a blog update (vs. direct email update to members) with updating charting for the US Dollar Index.
Last year I called the break out in the US Dollar when nobody would believe me 🙂 Review my Twitter feed for occurrence. The purpose of this report is to examine whether a decision has been made to continuance to the downside (in recent trade) or back to upside (continuing my broad time cycle break -out to upside).
This chart shows the divergence in the US Dollar chart early Feb 2017. This is a bullish signal. However, the more important chart is further below in this report (the modeling work).
US Dollar Index $DXY Divergence showed up early Feb 2017 $UUP
US Dollar Index $DXY Algorithmic Modeling Chart March 2, 2017 714 AM $UUP
This simple modeling chart will show you how we called the break-out in 2016 ahead of the pack (you may also have to review the calls in 2016).
This simple modeling chart (below) shows the trade range of the US Dollar (within the pink triangle is not divergent). If price action leaves the triangle to the downside there is a high probability of a trend reversal to the downside in the dollar and the new trading range can then be shown. If trade terminates to the upside of the triangle that is bullish and an update model would be posted for members along with explanation.
To understand how to use this modeling chart for actionable trades some training should be sought from our lead trader if you are not sure how to use this type of work.
Good luck with your trades and look forward to seeing you in the room!
$DXY US Dollar Algo
Article Topics: $DXY, US Dollar, Algo, Currencies, Stocks, Trading, Chatroom, US, Dollar, Chart, Fibonacci, Indicators, Algorithms, $UUP