New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 

Dollar Index: Weekly Spike Reversal

Top



Video tour of our product offerings          Twitter         Facebook        Subscribe to our newsletter

Feb 06

After a significant five wave reversal on dollar index intra-day chart from 76.85 region, we decided to look on the weekly chart, which is showing a very bullish set-up for the weeks ahead. You will notice a trend line connected from early 2008 which holds dollar index up for almost 3 years now. In fact, each time the prices moved close to a trend line, a weekly spike occurred, which then sent the US dollar higher. May this scenario repeat!?

Fridays video




Newsletter archive