Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Dollar Index review

30 sec read


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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.
Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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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

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