Partner Center Find a Broker

USDX Daily Chart

While I was scanning my charts for ’em sexy setups, I noticed an inverted hammer (the one that looks like an upside down marshmallow on a stick candle) on the daily chart of USDX. Being a proud graduate of the School of Pipsology, I know that this candle is usually seen as a bullish signal. But to make USDX even more bullish, the candlestick formed around a previous support and resistance level!

I haven’t found a setup on any dollar pair that I’m really confident in. So I’m just throwing this question out in the open: Do you think we’re going to see the dollar rally soon? Lemme know what your thoughts are!

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.