DXY has reversed sharply after having failed to achieve the top of the 74.97-75.04 pullback range I’d flagged. This suggests that the rally will have legs — most immedfiately to get it to a 76.16 target that is the closest important Hidden Pivot on the hourly chart. The midpoint lies at 75.81, so anything above it will foretell more upside. (Note: This corrects my earlier analysis, which was derived from a TradeStation chart that had failed to refresh. I have found this to be a problem with the TradeStation platform, especially when I was trading off a chart, unaware that the last price displayed was an hour old.)
Ads are by Google and do not represent the views of Rick's Picks or its affiliates.
More on this topic
(What's this?)
Dollar Technicals
(The Technical Take, 11/1/09)
Dollar Index Technicals
(The Technical Take, 11/9/09)
A Look at the Dollar Index.
(Scott's Investments, 11/23/09)
Dollar Doom — Monthly Chart
(Red Hot Energy and Gold - Global..., 9/16/09)
Comments on this entry are closed.