How to read the USD Index K-line chart? Let’s go straight to the picture!
To learn how to read the US dollar index K-line chart, we must first carefully study the knowledge of the K-line chart, and then conduct analysis on the US dollar index. The above picture is a standard evening star K-line combination, which is a classic form of the U.S. dollar index K-line chart. Turn the morning star upside down and you will see the evening star. The position where the Evening Star appears is at the top of the trend. If this combination appears after rapid stretching, you must be very careful. The combination conditions of the Evening Star: a positive line on the left, a cross star or a small negative line (small positive line) in the middle, or two K lines (either small Yin or small Yang), and a negative line on the right.
The evening star pattern is a K-line pattern that means the uptrend has stopped. It is one of the most important patterns in the U.S. dollar index K-line chart and is often the top of the trend. It is composed of three K lines. The left one is a positive line with a longer real body, the middle one is a star line with a smaller real body (including a cross star, a small Yin line, and a small Yang line), and the last one is a long real body. Yinxian.
Three key points of the Evening Star: When there is a gap between the star line entity in the middle and the Yang line entity on the left, the market stage is more likely to peak. When the closing point of the Yin line on the right is lower than the opening of the Yang line on the left, that is, on the right The center of gravity of the negative line has moved significantly downward, and it is more likely to peak in the stage.
The evening star is a very key pattern in analyzing the K-line chart of the U.S. dollar index. I hope that all investors can learn it and apply it.