The dollar index finds itself at key support 96.5. A hold of this area will trigger can trigger many weeks of uptrend. A break here, will flush major stops and it could push it to 92. Either case, the fxcot system will catch the moves and add to its great returns in 2019.
Dollar Index: Bullish support
EURUSD has key resistance at 1.14. We could drift higher and test those levels. A possible test of 1.15 is on the cards as well.
The GBPUSD pair looks fairly supported above 1.3. This has been highly unexpected due to brexit deadlines. It could move higher if it stays above 1.3 and shorts will be forced to cover.
Meanwhile the trading system has been doing very well in 2019. Its been nice slow grind for the system in February. There has been some slippage in some trades esp some late NY trades. But our broker has been fairly good and kept execution nearly perfect.
Here is the performance
The performance for February is +12.85%. January was +16%. This is 2019 year performance.
The 2018 and 2019 performance are very comforting. In the forex world, it is rare to find any system to have survived this long. 2018 was a difficult year for many systems. Here is one that is not just performing but thriving.
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