Dollar Index Directional Bias

Today’s US Equity Market Commentary reviews the week commencing February 12, 2017. On the daily chart of the Dollar Index, we’re currently in an overall downtrend, but with some signs of a bullish market recently. Key levels on the monthly and weekly time-frames could indicate an uptrend, however. Lower hourly time-frames confirm a bullish bias in the Dollar.

Run time: 7:32 minutes

For more from Tamir including a big picture view of the US Dollar Index by looking at both the DX contract itself as well as US dollar major trading partners of GBP, EUR, JPY & CHF spot currencies, please visit ICE Market Commentary.

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