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US Dollar index technical analysis september 2019

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Dollar US Index DXY has a daily demand imbalance in control, buy opportunities have already occurred a few days ago as explained in previous supply and demand technical analysis. A similar trading scenario  is happening on EURUSD Forex cross pair but upside down with a strong daily supply imbalance in control

US Dollar Index DXY futures forecast and prediction

We expect price to continue rallying from current daily demand level in control 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 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 is ideal for beginners and those with a full or half time job, 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 reacts strongly to those imbalances. Why is it that 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 gaining control.

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

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