Dollar Index

The Dollar Index has consolidated between 73 and 76.50 for several months. 63-day Momentum holding below zero indicates a strong down-trend. Breakout below 73.50 would warn of another decline, with a target of 70*. Recovery above 76.50 is unlikely, but would signal reversal to an up-trend.
Dollar Index

* Target calculation: 73 – ( 76 – 73 ) = 70

5 Replies to “Dollar Index”

  1. Can you please add silver to your regular daily reports on the blog? It would be great since the volatility is great and also it is a much better trading vehicle using ETFs than Gold or Copper.

    Thanks much.


  2. Hi Colin – many thanks for your trading diary – re US$ I believe we are in Wii of W3 up – US$ must not go below 74 for this and should rally again some time next week to make a new high and possible up to 80

    Graham Stubington

  3. When the Dollar Index has a money flow in the negative, where is the money flowing to? Could you clarify please?

    Thank you

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