Dollar Index still quite intact with the channel . there are some support area which the market might try to test again . mainly sellers are looking at LH zone . applied mainly for those who trade futures and spots FX that involves USD . this is useful to understand the strength and weakness in USD currency . remember next week we have got lots of important data coming out . trade with care . look for more follow through currency pairs as it will give you more buffer comfort . cheers .
Remember the market might just hover around this price area without much action . follow through on the downside may come after a small correct up first . this kind of day is better off scalp with a smaller target (5pts) range . cheers
S&P index did manage to move on the upside by more than 20 pts . be extra careful on the upside as there are a few immediate Resistance . even the if trade higher means more like a stay out of buying than participating .
Hi all . for those traders that are looking for more swing trades should start to avoid this zone as the market is starting to close in (closing wedge) . Weak buy & Strong sell after the break out but non the less we can see a price movement of 20 points .
Cash index 880 - 870 are a look out area . CORRECTION down (2a) wave after trade lower . Look for VALID candle . Top down approach must set and calculate as we are only showing Daily chart . questions ? info@mmtta.com
