October 24, 2010

Crash of US DOLLAR

CHART-III
  • US Dollar crashed below 74 followed by a neck line break of the head and shoulders. 
  • Price also went below the support line of the broadening top pattern. But has managed to come back into the pattern.
CHART-II
CHART-I
  • US Dollar index is showing a broadening top pattern and a possible head and shoulders pattern in its four hour chart.
  • Breaking 77.064 is bearish and will bring the index to the bottom of the broadening top pattern, It will also mean a break of the Head and shoulders.
  • If the index holds 77.064 Price will move towards the top of the broadening pattern.

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