February 13th, 2012
Published Daily

DXY – NYBOT Dollar Index (Last:75.02)

by Rick Ackerman on November 10, 2009 2:25 am GMT

We can use a Hidden Pivot at 74.36 as a minimum downside target over the near term.  This would allow for an upward retracement to its sibling midpoint, 75.59 (now resistance) with little damage to the intermediate-term bearish case. However, it would take a rally to just 75.19 to hint of a bullish reversal on the 2-minute chart. I have reproduced this chart so that you can see how very subtle this telltale is.



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