Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Dollar Index review

30 sec read


 

After a sustainable minor up trend in US Dollar Index starts cracking below 13 EMA after resisting near $81 zone Applying 13,34,55 EMA strategy shows that US dollar Index is <13 EMA < 34 EMA < 55 EMA. And Indicates that USD Index is in a perfect downtrend.
Whats up with our market.
Still now there is a perfect inverse correlation with USD Index and Nifty. Right from March 9 onwards USD Index starts the downtrend and so the FII inflows into our market. USD index temporarily stops its downtrend near 78-79 zone.Now the confirmation of sell signal in USD Index confirms the future inflow of FII funds into our market. Now it is safe to assume that 4155 could be strong weekly support. Short term investors could use this an oppurtunity to enter once again to take short term bets.
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and BankNifty 90 min charts update for 16th…

Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
Rajandran R
10 sec read

Nifty and BankNifty 90 min charts update for 15th…

Nifty turns to buy mode with cloud supports coming near to 5460-5470 zone. And Bank Nifty still in sell mode with resistance near 10900....
Rajandran R
8 sec read

Nifty Week End Review

Nifty week end review on daily and 90 min timeframe and Nifty Option Details
Rajandran R
32 sec read

2 Replies to “Dollar Index review”

  1. Hi..rajendran..That is a good one to decipher the current market.It has a lot of relevance to our market.When dollar bottoms out, we will enter into strong sell mode.Best regards.ilango

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More