Published on Mon, 8/02/10 |
USD index

Dollar Index Candle Weekly Chart 8 Feb 2010
Another strong performance by the dollar index last week which closed with a wide spread up bar once again making this three in a row and confirming the positive US dollar sentiment across all the markets. However, whilst last week’s close ended just above the significant 80 level and touched the 200 week moving average there are two technical issues on the weekly chart which need to be considered very carefully. First is the 200 week moving average itself which now sits above the current price action and until we see this key indicator breached with a hold above then any rally could falter at this point. Secondly the index is now hovering in an area of deep potential resistance which was created during mid 2009 and once again for any rally to be sustained we need to see a break and hold above the 80.5 price handle and should this occur then coupled with support from the 200 week moving average these factors combined do present a degree of comfort to dollar bulls.
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Currency Market News :
USD Index At Highest Since July 2009
Published on Wed, 3/02/10 |
USD index
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Published on Mon, 18/01/10 |
USD index
The weekly chart for the US dollar index remains inherently feeble with last week’s candle closing as a very narrow spread upbar with a small wick to the lower part of the body. In itself this provides us with little in the way of longer term direction and simply reinforces the previous three weeks which [...]
Published on Tue, 12/01/10 |
Currency Option Trading
The US dollar index ended on Friday with a distinctly bearish candle for currency options trading on the weekly chart, following the poor NFP data which saw a loss of 85,000 jobs in the US economy for the month. Many analysts had been forecasting a small increase in jobs created, and as result sentiment towards [...]
Published on Thu, 7/01/10 |
Currency Option Trading
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Published on Mon, 7/12/09 |
USD index
The US dollar index closed the week with one of its strongest performances for some time, having been given a strong boost from the NFP figures which triggered the rise in the US dollar, ending the the day with a wide spread up candle which breached all three moving averages, and simultaneously breaking above the [...]
Published on Mon, 30/11/09 |
USD index
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