Wednesday, October 13, 2010

The US Dollar 12 Years +


Freestockcharts is awesome! I use it with stockcharts.com. Both are worthy of paid subscription!

The Greenback has taken a beaten year after year after year. It has formed a higher low since the "bottom" of 08. The MACD and the RSI have been weaker considering that the pattern has been similar since last year. The $ flow has been week as well.

The 2 year trend is in tact and major support is around 75. If that is broken then 70 should be next.

Enjoy your trading - No, no comment. Too tough to call. Caution as usual.

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