Published on Mon, 21/06/10 |
USD index

USD Index 21 June 2010
A negative week for the dollar index which saw the index fall below 85 on the daily chart and marginally breaking below the 40 day moving average which is now poised at an interesting level. In this morning’s early trading the index has moved below this average suggesting a possible continuation of the recent negative US dollar sentiment, a view which is further confirmed by the 9 day moving average which is now crossing below the 14 day and clearly indicating a bear signal. With plenty of deep water to the 200 day moving average it is unlikely that we will see a deeper retracement and a more likely scenario is that the price support at 84.50 and below should provide a sufficient cushion for the index to prevent any further falls. Any recovery will then require a break and hold above the 40 day moving average once again and a reversal of the 2 short term indicators.
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Published on Mon, 14/06/10 |
USD index
The dollar index stalled last week pulling back from its recent strong performance and traded marginally lower each day in a series of small, downwards steps. Friday’s price action found support from the 14 day moving average but in today’s early trading the index has broken below this key level suggesting that we may see [...]
Published on Mon, 7/06/10 |
USD index
Friday’s wide spread up candle on the daily dollar index chart propelled the US dollar against a basket of currencies, finally breaking out of the recent pennant formation which had been forming in the 87 price area. Friday’s break out is significant as it signals a reaffirmation of bullish sentiment on the daily dollar index [...]
Published on Wed, 2/06/10 |
USD index
In a holiday shortened week and against the backdrop of yet more depressing news for the Euro the dollar index has continued to struggle at the 87 price handle and where the recent price action has resulted in a series of doji candles of varying sizes and hues. The most positive signal for the index [...]
Published on Thu, 27/05/10 |
USD index
The dollar index continues to remain bullish and despite yesterday’s modest pause in the 87.25 region the long term outlook still remains positive. This was further evidenced yesterday with the low of the session finding solid support from the 9 day moving average. This is further confirmed by all four moving averages on the daily [...]
Published on Tue, 25/05/10 |
USD index
The dollar index continues to trend higher with yesterday’s up bar closing back above all four moving averages once again and with the low of the day finding solid support from the 14 day moving average. In today’s trading the index has pushed higher once again it attempts to break above 87.46 where prices have [...]
Published on Mon, 24/05/10 |
USD index
The bullish momentum for the dollar index remains firmly in place despite last week’s temporary reversal which saw the index first break above 87 and subsequently pullback to 85.50 on Friday. However, Friday’s price action closed with a doji candle which found solid support at the 14 day moving average suggesting this reversal is only [...]