The 50 period moving average has provided key support/resistance levels for the previous trends and if it holds true going forward then we are not far from another rally in the dollar.
The interesting thing with the US Dollar is that in Nov-December it rallied breaking through a key resistance level and has been consolidating above support ever since. If this bullish pattern (bull flag) plays out, then it's just a matter of time before the dollar makes another strong rally upwards, which will put downward pressure on stocks and commodities.
FIND OUT MORE
Follow me to learn more about investment on market direction. Financial Astrology, Investment Education, technical analysis, The Economy, Stock Trading and more! American investor who said "Astrology is not for millionaires, but for billionaires".
Thursday, January 13, 2011
Tuesday, January 11, 2011
Monday, January 10, 2011
Thursday, January 6, 2011
Wednesday, January 5, 2011
Monday, January 3, 2011
Sunday, January 2, 2011
Subscribe to:
Posts (Atom)