Published on Thu, 13/08/09 | USD index

Tags: commodity trading, commodity trading courses, currency, currency broker, currency chart, currency charts, currency exchange trading, currency forex, currency futures, currency market, currency markets, currency options, currency trade, currency trader, currency traders, currency trading, daily forex, direct access trading, dollar forex, euro currency, euro trading, foreign currency, foreign currency trading, foreign exchange, foreign exchange market, foreign exchange trading, foreign money exchange, forex, forex account, forex broker, forex brokers, forex chart, forex charts, forex course, forex currencies, forex currency, forex currency trading, forex day trading, forex daytrading, forex dollar, forex education, forex euro, forex exchange, forex forecast, forex forecasts, forex futures, forex hedging, forex margin, forex market, forex mini, forex news, forex pip, forex pips, forex rates, forex real time, forex signal, forex signals, forex software, forex spot, forex strategies, forex strategy, forex system, forex technical analysis, forex tips, forex trade, forex trader, forex trading, forex trading education, forex trading platform, forex trading signals, forex trading software, forex trading strategies, forex trading system, forex trading systems, forex training, future broker, futures trading, futures trading system, fx charts, fx currency, fx forex, fx market, fx trading, global currency, global forex, global forex trading, how to trade forex, investment, ira buying stocks, learn currency trading, learn forex, learn forex trading, managed forex, online broker trading, online currency, online currency trading, online forex, online forex trading, online futures trading, online fx trading, online stock brokers, online trading, real time currency, real time stock trading, simulated forex trading, software, spot euro, spread trading, stock option trading, stock quotes, trade currency, trade forex, trading, trading currencies, trading platform, trading stocks, us currency, usd chart, usd charts, usd currency, usd forex, USD index, usd trading, usd trend

<< Currency Options Strategy  USD Index - US Dollar Chart 18th August 2009 >>

The USD Index responded accordingly to yesterday’s FED dovish statement in which the Committee decided to keep interest rates on hold (no great surprise), keep their options open with regard to further bond buying (ie Quantitative Easing) and only deviated by 10 words from last month’s statement.  Those 10 words included the view that the current recession/depression was “levelling out”.  On the USD chart last night’s news triggered a move lower as investors rushed back into riskier assets, such as equities and commodities, ending the currency trading session with a narrow spread down bar but with a deep upper shadow.  Worryingly for USD bulls the high of the forex trading session found resistance at the 40 day moving average on the USD chart, which is now weighing heavily once again.  In addition we now have a bearish 3 candle pattern of an up bar, spinning top and down bar, all suggesting that the short term rally for the USD is now over, and should we see prices break and hold below the 9 and 14 day moving averages then this view will be confirmed on the usd index chart, that the USD trend has reversed.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.

One Response to “USD Index – USD Chart For 13th August 2009”

Leave a Reply

Name (required)

Mail (will not be published) (required)

Website