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US Dollar
Since the thread for the indices has worked out well, and the dollar has made some significant moves today, I thought it would be a good idea to have a similar thread on USD too.
Today was pretty significant as:
1) The price broke through the MA (50)
2) The H&S neckline was also broken
3) Today's action was preceded by a negative MACD and RSI divergence
4) ADX also had a negative crossover a couple of days back
The next level of support seems to be the 38.2% level i.e. 83.63 pretty much where it is sitting right now. IMHO, things are looking pretty bearish and I am long gold.
Damn!! It looks like the image is not showing!! I can never get this part to work. So, please find it as an attachment below.....:beerglass:
P.S.: Any help on how I can get the annotated images from StockCharts inserted will be most appreciated!! I am beginning to think you cant link the annotated charts if you dont have the paid subscription....
You got to save them to your computer and upload them to a image hosting site such as tinypic.com (method I prefer) or upload them using the forums itself by clicking on the paper clip icon when posting a reply.
Thanks for the help with the images! I did try the paper clip icon but that didnt work. I will give tinypic.com a shot.
