US Dollar Index Forecast August 21, 2015, Technical Analysis

The US can dollar Index fell rather significantly during the course of the session on Thursday, testing the 96 handle. That being the case, the market looks like it should test the support level in this general vicinity, and a supportive candle would be reason enough to start going long. With this, the market is probably going to bounce, but we need to see a supportive candle in order to start putting money to work. At this point in time, we are on the sidelines and we feel that quite possibly we will have to wait until the daily close to see if there’s an opportunity to go long.