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Message: The Dollar

Re: The Dollar

in response to by
posted on Dec 09, 2008 08:14AM

Here's what one T.A. Technician said in his report yesterday.

The U.S. Dollar remains a focus for equity and fixed income markets. It added 0.41 last week with all the gain occurring on Friday. A rising wedge pattern has evolved. A rising wedge is a neutral pattern until its bottom trend line is broken. Then, look out below. Resistance is forming at 88.46. Support has formed at 83.10. RSI and MACD continue to trend lower from short term overbought levels. Stochastics currently are neutral. The U.S. Dollar remains above its 200 day moving average and is testing its 50 day moving average.

It's posted on this webpage and it's near the halfway part of the page. You will see a whole bunch of charts for other indices etc.


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