20 December 2009

USDX : The One Chart to Rule Them All

  • Last 77.82. (06Dec09 @ 75.70)
  • Declining Wedge (DTL broken) => Downtrend over on weekly timeframe.
  • Penetrated significant Dec08 Spike Bottom at 77.69 = Bullish.
  • Objectives : 1st=79.63; 2nd=82.63.
  • Buy any attempted pull-back towards 77.00.

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