Is it time for the dollar index to stop falling?


1) Weekly found support at very long term Memory trendline.

2) Daily is displaying a Bullish Headwind signal as of 12:30 PM EST on 19th Aug.

3) False downside breakout at Watermark Support.

4) Bullish Pressure.

5) At Price Extreme Low.

6) Squeeze Release.

7) You may note the Memory resistance nearby. A breakout above that will prove even more bullish.
The dollar index did exactly what the CUE signals hinted at.


CUE traders take Memory resistance lines seriously. And would not hold on to a winning trade if the price closes below the Memory line.

1) I shared it two days ago on my forum.

2) Since then it went up and today it hit the Memory resistance, which was the initial profit target for any entry taken two days ago. I had taken a position using CUE Fine Tune chart on the day I shared it.

If the Memory is not decisively broken today (it has not done that so far), you may consider closing the trade assuming you took it in the first place!
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After pausing at the daily Memory resistance for one day, $UUP is trying to break above that.

You may watch out to see if it can break out decisively today or in the coming days.

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Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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