A brief update on this broad Dollar Index, It continued lower, but may be ready for some sort of bounce, as it comes into these levels
Trade Weighted U.S. Dollar Index: Broad, Goods and Services
Tag: forex trading
Trade Weighted U.S. Dollar Index
Ticker DTWEXBGS gives us a different Dollar Index.
The beginning of this year made a new high, taking out the high from October 2022.
A few weeks have closed below the trendline. Anyway, its good to know about this index.
USD/CAD – Long Trade, Stop at Breakeven
Update:
Currently in profit by 140 PIPS. After this breakout (of the Bull Flag type formation) we moved the stop up to lock in about 80 PIPS.
Currently up 90+ PIPS
Charts101 Trading 