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Dollar Index (USDX) – Continued Forecast 4/22/16

On April 18th, 2016 we predicted a turn on Dollar index (USDX) to take place at a certain spot (see post here). As we now see at the end of the week, we were pretty much spot on with our forecast (see below).

This means that we believe that the dollar will continue to strengthen for another 2-3 weeks because it didn’t break previous low and it has now created a higher low (trend change possible). This will give everyone several opportunities on being bullish on dollar pairs for a little while.

Here is an updated screenshot of our forecast from April 18th, 2016:

USDX Forecast by http://www.myownforex.guru

USDX Forecast by http://www.myownforex.guru

About Chris

Chris Wittusen started trading in early 90's, mainly in stocks but is now mainly trading in Forex (currency trading). He also manage a successful Forex group on Facebook, where he shares his knowledge to other people that want to learn more about how to trade in Forex. His technique still applies to both Forex and Stocks due to his style of naked chart trading along with box trading.
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