12 March 2010

USD Index : Update

  • Periodic update of this most important chart.
  • Monthly : Holding rally between 38% and 50% Fibonacci levels. Expect continuation.
  • Weekly : Rally stuck around 80.50 for 5 weeks now. Sideways action has now taken us to near the green UpTL support @ 79.77 by default. Market should be able to muster a fresh leg in the upmove from here if this is a true bull market.

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