The TradingFX Modified US Dollar Index “USDX” is another excellent tool to give you a real trading advantage. The original Dollar Index was implemented March 1973 and represents a significant milestone in foreign exchange history when the world’s major trading nations allowed their currencies to float freely against each other. The world was a different place in 1973 and the fractions of each of the currencies used is not as pertinent to today’s world economy. We have taken a more realistic and modern approach at how the index is calculated, and made it more sensitive to the currency price movements experienced now. The TradingFX USDX can be used to get an exact feel of the US Dollar’s strength or weakness against the other currencies, providing a clear benefit to any trader. DEMO and LIVE TRADING ACCOUNTS: www.tradingfx.com RANGE BAR CHART SOFTWARE DOWNLOAD: www.tradingfx.com AWARD WINNING TradingFX FOREX RANGE BAR CHARTS: www.tradingfx.com INFORMATION Info@TradingFX.com
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Hey guys, I have compiled a 3 part long video that not only talks about the SPY to its full extent but also about 8 different charts and how we’re suppose to read into this type of market. In this video I concentrate on the SPY. For the SPY I look at a potential move lower in early trading only to reverse and end up a little higher. I do believe that the H&S will eventually break but this might take another 4-5 days. I look at potential targets for the SPY as we move lower and where I believe shorting would be most desirable.
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Forexserve’s Satyajit Kanjilal expresses his weekly outlook on currency, interest rates and commodities fluctuations. He covers all the major currencies such as USD, GBP, EUR, JPY, CHF, INR, AUD, NZD and CAD amongst others.
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