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USD Index 15 Sep 2009

USD Index From a technical perspective the USD index remains inherently weak with yesterday’s price action merely confirming this view, with the index closing once again below all three moving averages which are pointing sharply lower.  With the index now firmly established below the 77.50...

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US Dollar Index – 8th April 2009

Yesterday’s wide spread up bar closed well above both the 9 day and 14 day moving averages, but failed to have sufficient momentum to close above the significant resistance level now in place just ahead at 86.78 and above. For any move higher in the...

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Dollar Index – Daily Chart 6th April 2009

The tone in last week’s dollar index daily chart was decidedly bearish with Friday’s close finishing below all three moving averages mirroring the dollar’s overall poor performance against the basket of currencies.  Last week’s dollar weakness came on the back of continuing optimism in the...

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US Dollar Index – 31st March 2009

Friday’s candle provided a slight pause in the recent rally in the US dollar index of the last few days, and closed with a shooting star pattern following the wide spread up bar of the previous day. The close of the day finished above the...

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