USD index starts an uptrend – 10.08.2014

The USD index starts a new uptrend with a strong initial push above the 200-day moving average and reaching new short-term highs. It is possible that it will experience a pullback but it looks well positioned for a new leg up. You can trade this idea using UUP, USD dollar bullish currency ETF, or select some currency pairs or their respective ETFs.

I like FXA (Australian dollar) short,  FXC (Canadian dollar) short, FXE (EUR) short and FXS (swedish krona) short.

20140810_DX_USDindex_chart_analysis_from_simple-stock-trading-com

AUDUSD currency – possible return of downtrend

The AUDUSD currency pair looks like it ended its correction pullback move to 0.94 – 0.95 area and could return to downtrend move again.

20140522_AUDUSD_swing_trade_opportunity_from_simple_stock_trading_com

 

It is possible to trade this idea also using ETF with symbol FXA. A breakdown below the 200-day moving average could be an entry trigger for this short sell trade.

20140522_FXA_ETF_swing_trade_opportunity_from_simple_stock_trading_com