US Dollar Index (USDOLLAR) is bouncing for the 18 times from our Support Line as of now. Last week we posted a question as, “US Dollar Index (USDOLLAR) has bounced 17 times in the past from our Support Line. Now What”? Now, not surprisingly, US Dollar Index (USDOLLAR) is bouncing for the 18 times from our Support Line at the time of writing this post as shown below:

US Dollar Index is bouncing for the 18 times from our Support.

We have analysed the Daily Chart for US Dollar Index (USDOLLAR) in this post to see its behaviour from our Support Line. Our Support line is existing long back from the day of 16th of February 2019 till date in the form of Standard Error Channel. We also have a 200 period exponential moving average on the price chart as shown. As of yesterday, the close price of US Dollar Index (USDOLLAR) was 9,712 which was higher than our Support Line (in the form of Standard Error Channel) which was at 9,694. The close price was also higher than one of our Support line (in the form of 200 period exponential moving average) which was at 9,697. We also have the latest swing low drawn from the low of 21-Oct-2019 at 9,672.1. This is our new support line.

If the price of US Dollar Index (USDOLLAR) is moving away from our Support line and hitting the level of 9,736 then the probability of its UP side move will increase substantially.

Our post dated October, 28 2019:

Forex Trader: This blog post is for you. US Dollar Index is at an Interesting position now. Forex Trader: US Dollar Index has bounced 17 times in the past from these lines. Now What?

US Dollar index is an important instrument to know and look for if you are a serious Forex trader. This index is a composite index and comprises of 6 currency pairs which are traded with US Dollar directly. These 6 currency pairs are as below: EUR/USD (Euro), USD/JPY (Yen), GBP/USD (Sterling), USD/CHF (Swissy), USD/CAD (Loonie) and USD/SEK (Swedish Krona against US Dollar).

We are considering daily chart for the US Dollar index for you, the Forex Trader, as shown below.

Forex-Trader-US-Dollar-Index-NP-Financials-Oct-2019-Best-Education

The above chart for you, the Forex Trader, is showing US Dollar Index (USDOLLAR) from July 2019 till the time of writing this post. We have the 200 exponential moving average (in yellow colour) on the chart. We also have the standard error channel with our proprietary percentage set on it.

As you, the Forex Trader, can observe how the US Dollar Index (USDOLLAR) has bounced in past from the standard error channel 10 times and from the 200 exponential moving average 7 times in the recent past. This is the power of an established trend.

If you, the Forex Trader, can observe the chart for the US Dollar Index (USDOLLAR), like a Pro, you will find out that every time it has bounced from the lower band of the upward standard error channel, it has reached the top band of the standard error channel.

Like the last 17 times (10 times from the standard error channel and 7 times from the 200 exponential moving average) bounce and success for the US Dollar Index (USDOLLAR), do you, the Forex Trader, know what to do now and how to trade the US Dollar Index?

you, the Forex Trader, must be wondering how you can take your Forex Trading to the Next Level through all our professional approaches. To take your Forex Trading to the Next Level through all our professional approaches and to find out the answers to all your Trading related queries, please contact us at 03 9015 4858 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Now you can learn to trade Forex Pairs with us to explore the possibility of earning passive income keeping your day job.

Our Proprietary Forex Trading Strategy which work will guide you through every step of your trading in Forex Pairs and explore the possibility of earning extra income. Learn what all other Forex Currency Pairs we are Trading in our Forex Trading Asset Class. Develop yourself as a professional trader capable of capturing second income in the future with us.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9015 4858
email: info@npfinancials.com.au

Related Links:

Learn Basics of Forex Trading with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

On completion of the “Basics of Trading” course, You will develop an In-depth understanding of Fundamentals factors moving Markets. You will be able to clearly understand the Market Jargon e.g. Swaps, Spread, Slippage, Margin, Leverage, Tom-Next etc. You will also know more about why we are saying, “Aussie is following our way”.

Start your Forex Trading with Partha Banerjee of N P Financials by doing one-on-one coaching

Learn Trading from our A full-time Professional Trader. This is a step by step hand holding program designed keeping in mind your learning progression. You will also know more about why we are saying, “Aussie is following our way”.

Learn the Foundation of Forex Trading with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from NPF (Professional Proprietary Trading firm) will be your own personal coach for 3 months. It will give you twelve, one-on-one coaching sessions. You will be attending one monthly Seminar. You will also know more about why we are saying, “Aussie is following our way”.

Take advantage of our Proprietary Forex Mentorship Program with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from N P Financials will be your own personal coach for 6 months. You will be introduced to our Proprietary Trading Edge. It will give you twenty-four, one-on-one coaching sessions. You will also know more about why we are saying, “Aussie is following our way”.

Advance your Forex Trading Progression with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from N P Financials will be your own personal coach for 9 months. You will be introduced to our Proprietary Trading Edges. You will also know more about why we are saying, “Aussie is following our way”.

Develop yourself as a Professional Forex Trader with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from N P Financials will be your own personal coach for 12 months. You will be introduced to our Proprietary Trading Edges. You will also know more about why we are saying, “Aussie is following our way”.

Learn how to Code in Trading with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from N P Financials will be your own personal coach for 3-6 months. You will be trained on how to learn the Market Programming Language.

Develop your own Market Scanning System with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from NPF will be your own personal coach for 3-6 months. You will be trained on how to Develop your Market Scanning Edge.

Develop your own Trading System with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from NPF will be your own personal coach for 3-6 months. You will be trained on how to Build your Trading Edge.

Take advantage of our Proprietary One day Forex Training Courses with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

Take Advantage of On-Demand Learning from popular One Day Courses. Identify Correct and Relevant Market Reversals through advanced Candlestick Charting. Understand Market Evaluation through our specialized Fibonacci Techniques. Understand correct Price Plot Patterns.

Spread the love