WORLD CURRENCY UNIT / U.S. DOLLAR
The World Currency Unit (WCU) is an indexed unit of account that stands for a unit of real global purchasing power. Since each unit by design represents a stable unit of purchasing power, the stipulated interest rate on WCU-denominated bonds represents a real interest rate.
WCUUSD is another way to track the strength of the dollar index. With the setting of various MAs on the WCUUSD chart and in relation to the dollar index, we will notice that the trend and support of the moving averages are better positioned in relation to the same setting on the chart on the dollar index.
WCUUSD is best followed on a daily time frame, while the dollar index can be followed on a smaller time frame.
You might initially wonder why you are tracking WCUUSD when you are already tracking the dollar index chart. But you will very quickly realize how this chart is a very important indicator of the dollar's strength that can be useful for our trading with all USD pairs.
WCUUSD is another way to track the strength of the dollar index. With the setting of various MAs on the WCUUSD chart and in relation to the dollar index, we will notice that the trend and support of the moving averages are better positioned in relation to the same setting on the chart on the dollar index.
WCUUSD is best followed on a daily time frame, while the dollar index can be followed on a smaller time frame.
You might initially wonder why you are tracking WCUUSD when you are already tracking the dollar index chart. But you will very quickly realize how this chart is a very important indicator of the dollar's strength that can be useful for our trading with all USD pairs.
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