FOREX: How we analyze the Dollar Index (new video)
Is the Dollar Index in trouble?
According to the dollar index (DX), which is a basket of currencies that track the dollar, it would appear as though the dollar is indeed going to be coming under more pressure. The dollar index is much like an index for stocks except in this case it is for currencies.
The U.S. Dollar Index consists of six foreign currencies: 1. Euro (EUR) 2. Yen (JPY) 3. Cable (GBP) 4. Loonie (CAD) 5. Krona (SEK) 6. Franc (CHF)
In my new short video on the dollar index, I will show you some previous successes that MarketClub has had. I will also cover an important signal we have just received, that in my opinion, will lead to further downside weakness in this index.
As always, the videos are free to watch and there’s no need to register. I would love to get your feedback about this video and your own predictions about this market on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Pressure? Just wait until ballon-onomics inflates the dollar, then you’ll really see pressure.
I have been receiving you mkt alerts, could you tell me more about your company
Tim,
The best thing to do is give our office a call at 1-800-538-7424. I’m sure someone on my team can help explain how our company may be a good solution for you.
Thank you for your interest.
All the best,
Adam
I try to watch your videos.
I don’t have problems with other sites, but yours… always.
Garth,
Make sure you have the latest version of Flash. If you are still having troubles after that please give our customer service team a call and they will come up with an alternative way for you to watch the videos.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
Avery good analysis. But what if some other turbulances occures in Euro zone or a clash between Israeli and Iran or between USA and Russia?
Dear Erdal,
MarketClub is a service that spun off our our free informational website, INO.com. Please take a look at the two links below as it will introduce you to the owners of the company as well as a little history of INO.com.
http://www.ino.com/helpline/?help
http://www.ino.com/helpline/infokit/
If you have any further questions just give us a call.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
Hi Adadm,
Just to say how much I appreciate these video tutorials - great stuff - Thanks.
Re your British Pound video I’m a bit confused re entry points.
You mention the latest run from 1.37 but I thought that would have been the signal to exit the short trade. The long trade signal didn’t come until 1.50 did it? Also does the prev weekly long signal mean that I enter as soon as the monthly signal comes in?
Thanks
Shash
What you said is right that Dollar index is liked a stock index.
But when u look closely, the group of Currencies do not correlate that close and in that it will subtract each other out. So how accurate this index is still very questionable. In fact it is not relevant at all.
My 2 cents thought.
CK,
Thank you for your feedback and comment.
Personally I like to trade currencies outright whether it’s the British pound, Canadian dollar or the euro. What you were saying is correct sometimes they can fight against each other and that’s not unlike the other indices that we track on MarketClub.
All the best,
Adam