7 April, 2017
Moses Stock Trading Blog Site – AmiBrokerAcademy.com
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Welcome to Moses’s Analysis @ AmiBrokerAcademy.com.
We are doing the DXY analysis for the second time. A week ago, we did the first analysis. Many will probably using other charting software such as tradingview.
DX-Y.NYB US Dollar Index Future Charting 2015 to 2017
You seen the following chart in our last analysis. Left it here for your reference.
March 31, 2017 US Dollar Index Future 2015 to 2017
DX-Y.NYB US Dollar Index Future Charting
In our last analysis, we said we saw double bottom, we saw retest the 2015 resistance. See last posting for more.
We expect the price to move north, the price did. But the close just do not show the commitment. We continue to see doji. And the tail is getting longer at the top. What’s is the clue in price action?
Bull and bear fight, the bear continue to drive the bull back to the south. Only good thing is the candle remain bull, bullish candlestick.
If you can do not risk to jump in, WOMD.
The price can not breakout may due to the past resistance, look further left in the 2015 – 2016 Chart for the clue. Enjoy learning. Have fun!
Remember, trading is not a get rich fast business like many have advertised. It needs a lot of hard work and good money and risk management.
Have fun! Happy learning.
Moses US Stock Analysis
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.