US Dollar index technical analysis september 2019
17 Sep 2019
Dollar US Index DXY has a daily demand imbalance in control. Buy opportunities already occurred a few days ago, as explained in the previous supply and demand technical analysis. A similar trading scenario is happening on the EURUSD Forex cross pair but upside down with a solid daily supply imbalance in control.
US Dollar Index DXY futures forecast and prediction
We expect the price to continue rallying from control’s current daily demand level, created around $98.06. No selling opportunities are available on Dollar Index DXY because we have a clear long-term uptrend with new demand levels and imbalances being created and respected.
This is the kind of price action technical analysis you will learn in our online trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances are ideal for beginners and those with full or half-time jobs. You won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
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