Home » Currency Option Trading » US Dollar Index – 25th March Daily Candle Chart

US Dollar Index – 25th March Daily Candle Chart

US Dollar Index - 25th March 2009

US Dollar Index - 25th March 2009

Yesterday’s wide spread up bar, did indeed confirm the doji candle of the previous day, with a move away from the lows of 82.80, but this momentum has been promptly snuffed out in this morning’s trading, with the index promptly reversing following a raft of fundamental news released this morning in the US. The figures include thoseĀ  for Core Durable Goods, Durable Goods, and New Home Sales, all of which came in much better than expected, followed shortly afterwards by the oil inventory figures released weekly by the EIA. If today’s price action holds then we could see a bearish engulfing signal on the day, which is confirmed would reinforce the bearish sentiment of the US dollar index once again, a view which is reinforced with the 14 day moving average now crossing the 40 day moving average. The live currency charts now provide all the latest prices for all the major currency pairs, with the latest currency news now updated three times a day with support and resistance levels, along with a review of the economic calendar for the day. Finally if you are looking for a good ECN broker just click on the link.