18 December 2009

USDX : Old Spikes ( 77.69)

  • USDX = the one chart to rule them all. Last 77.81.
  • Monthly : Above 77.69 = Back above Dec08 spike = Up. Potential huge piercing pattern this month.
  • Weekly : DownTL broken at 75.38 = Strategy no longer to sell rallies but instead, buy dips. NY close tonight above 77.69 spike = very bullish on weekly time frame. BUY.
  • Time to go for it again. Probably do it in the EUR at NY close later if we get USDX above 77.69 or EUR/USD below 1.4337.

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