November 22, 2010

US DOLLAR looking positive

CHART-V
  • If stays within the up trending channel in the four hour chart us dollar will continue to move up.
  • Weakness will be seen only if the channel gets violated.
CHART-IV
  • US Dollar has crossed 79 and 79.58 levels.
  • Index has also pulled away from 50 DMA .
  • Sustaining above 79.58 should take it above 80
CHART-II
  • USD is getting resisted at 79.
  • Up move will be possible only if price breakout above this level.

CHART-I
  • US Dollar index Four hour chart shows price breakout from a channel.
  • If trades above 79 will target the recent high.
  • Price also broke above the 50 moving average in four hour chart. Recent high of 79.58 may act as resistance in case price move above 79.
  • DOW JONES CHART WITH CLOUD RESISTANCE

3 comments:

  1. HI San.
    Do you follow Eilliot wave study as far as Nifty analysis is concerned?Is yes, then apart from JustNifty Blog what other source you prefer for nifty eilliot wave analysis?

    ReplyDelete
  2. @Vaibhav
    I haven't come across a blog which covers ewave better than Justnifty.

    ReplyDelete
  3. These are great charts and analysis on the USDX. Check out this market commentary on the ICE listed USDX provided by Trade with Precision and let me know what you think.

    ICE Market Commentary

    ReplyDelete