In this post we will be exploring how to do US Dollar Index Trading as it plays with 200 days Exponential Moving Average (EMA) now.

US Dollar Index (USDOLLAR) is playing for the 4 times, in last 53 bars, with 200 days Exponential Moving Average (EMA) as of now. As captured in the daily chart for US Dollar Index Trading, it started interacting with the 200 days Exponential Moving Average recently since 01-Nov-2019.

US Dollar Index (USDOLLAR) went below the 200 EMA on 31st October 2019 and immediately snapped back up the 200 EMA on 05-Nov-2019. This opportunity for US Dollar Index Trading was a setup for a long buy at around 9728 price level.This up move generated a 85.6 points move up.

US Dollar Index (USDOLLAR) went below the 200 EMA 2nd time on 9th December 2019 and immediately its low was taken out by next bar on 10-Dec-2019. This opportunity for US Dollar Index Trading was a setup for a short sell at around 9713 price level. This down move generated a 82.9 points move down.

US-Dollar-Index-Trading

US Dollar Index (USDOLLAR) went below the 200 EMA for the 2nd time on 27th December 2019 and immediately its low was taken out by next bar on 30-Dec-2019. This opportunity for US Dollar Index Trading was a setup for a short sell at around 9648 price level. This down move generated a 53 points move down.

Now, in last 3 days, US Dollar Index (USDOLLAR) went below the 200 EMA on 15th January 2019 and immediately snapped back up the 200 EMA on last Friday the 17-Jan-2019. Now the question is this opportunity for US Dollar Index Trading is a setup for a long buy at around 9728 price level as it exactly happened on on 05-Nov-2019? Will this up move generate another 85.6 points?

You, the trader, must be wondering how you can take advantage of a potential move up in US Dollar index. To take your Index 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.

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