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Dollar Index Candle Chart 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...

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USD Index 14 June 2010

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...

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USD Index 7th June 2010

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...

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USD Inde 27 May 2010

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...

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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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