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USD Index Analysis 23 May 2010

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...

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USD Index 17 May 2010

The dollar index has continued to surge higher, much as expected, and following the breakout above 82.50 which occurred earlier in the month.  Friday’s widespread up bar further confirmed the bullish tone for the dollar, closing and holding above the 86 price point and further...

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USD Index 13 May 2010

The bullish momentum for the dollar index appears to have stalled in the past few days, as we hover marginally below the psychological 85.50 price handle on the daily chart and for momentum to be renewed we need to see a break and hold above...

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USD Index 10 May 2010

Despite last week’s market turmoil the dollar index continued to trade in relatively calm waters, climbing steadily throughout the week and closing marginally below the psychological 85 price handle.  As a result the bullish momentum remains firmly in place for the US dollar, well supported...

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USD Index 4 May 2010

Following the recent sideways consolidation between 80 and 82 on the daily chart, the USD index has finally broken out today surging higher and breaking above 83 as a result with a widespread up candle.  This breakout follows the recent upwards trend of the past...

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US Dollar Index 7 April 2010

Despite last week’s reversal lower for the dollar index the recent sideways consolidation prevented any serious falls providing a solid platform in the 80.50 region.  Technical support was also provided by the 40 day moving average and, as a result, the early part of this...

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