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US Dollar Index 26 March 2010

S Do UIn currency trading it is often useful to look at different time frames and this morning I thought we would consider the 8 hour chart for the USD index which gives us an interesting perspective as we drill down into the dollar index. ...

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US Dollar Index 24 March 2010

Yesterday’s narrow spread up candle on the USD index daily chart once again probed the 81 price point closing well above all four moving averages and suggesting once again that the bullish tone for the dollar remains firmly in place.  This has been duly confirmed...

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US Dollar Index 23 March 2010

The dollar index is delicately balanced at present as it continues to probe the 81 price area once again, a critical level where the index has already stalled twice in the last 2 months.  Last week’s reversal pattern where we saw the 40 day moving...

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USD Index 15 March 2010

The USD index continues to struggle at the current price level with Friday’s relatively wide spread down bar adding further to the short term bearish picture now clearly evident.  Over the last few weeks we have seen the index attempt to breach the 81.50 price...

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US Dollar Index 11 March 2010

The dollar index continues to consolidate at the 80 price region with yesterday’s candle once again exhibiting a degree of bearish sentiment with a small shadow to the upper body.  Over the last few weeks the index now appears to be in the early stages...

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USD Index 9 March 2010

Having recovered from the lows of early December at 74 on the daily chart, the dollar index continues to remain range bound between 80 and 81, a worrying trend for the medium term for dollar bulls.  Yesterday’s up candle did nothing to alleviate this view and...

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