DXY has had a big decline. If this upward turn continues, it all affect gold, multiple currencies, and other commodities. I went long UUP in my 401k Friday, June 29,2017. I went long on the DXY future last night.
whats the strongly recomd on that.....
this supporting line is not only the reson for go long
haug01
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@sushil6002,
I also follow XAUUSD and JPYUSD. When those fall, usually DXY is rising (the EURUSD is the largest component of DXY, other currencies are smaller). Over on the very left side of the graph there is a triangle which breaks out up. That triangle is also a support line. Like FOREX, futures are highly leveraged. A small change on this scale is already up 27%. My stop loss is in place. It OK to watch this for many more days and watch for a stronger trend change signal (breaking the down trend line, inverted head and shoulders, etc).
this supporting line is not only the reson for go long