Two possible scenarios:
Green one: to continue going up in short term and hit upper end of channel
Pink one: to go sideways in short term and hit upper end of channel
No matter which scenario happens, should keep close watch at what happens after US Dollar touches upper end of channel.
Showing posts with label US Dollar. Show all posts
Showing posts with label US Dollar. Show all posts
Wednesday, November 10, 2010
Saturday, November 6, 2010
US Dollar ($USD) chart analysis
US Dollar broke down from three year support line last week, but is facing two support lines ahead: red at $74.3 and blue at $70.7, how the dollar react to these two lines especially the blue one will be crucial to the market direction in near and intermediate terms.
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