81% Probability that Dollar Index is ready for a reverse its direction
8 January 2015, 15:30
![Muhammad Elbermawi Muhammad Elbermawi](https://c.mql5.com/avatar/2020/2/5E3EF749-2466.png)
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I think we became to close for a change in the market direction of major currencies correlated to the Dollar Index and here is my reasons.take a look at the monthly chart for the Dollar Index.
The Dollar Index made it's yearly High or Low in January/February for 17 years from the last 21 years. this phenomenon is known as the January Effect. and it give an 81% probability that we are to close toward a reverse in the Dollar Index.
Also the Dollar index has been advancing until now seven moths in raw. and it begin 2015 with a gap that is probably an exhaustion one.
if we combine all those factors together we find a great chance for a near reverse in the Dollar Index that will affect correlated currencies like EURUSD.