US Dollar: Three Straight?

The US Dollar top called six weeks ago was a classic PL Matrix failure. The short-dollar ride from just shy of 90 to 82 fulfills initial target projection. Does this mean the slide is over and it’s time to load up? The Matrix shows another event in the making.

DX US Dollar Index Futures Daily (September 2010)

The blue circle illustrates the Prime-Line Matrix failure in early June 2010 near 90.

Price is now at upper limits of Matrix confluence (initial target).

BIGshift swing trade filters remain short.

How to play this?

Protective stops on remainder of short positions: tighten using BIGshift timing filter swing/scalp mode combo.

Lowest risk long requires price at/ below 81,90 with timing filter switch to Long.

Price above 84 confirms bullish scenario.

Failure at 79.70 negates above numbers.

Software: vMax Trader

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