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Dollar 
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Post Dollar
UUP failed a double top / 4 month resistance break through today. $USD did better, breaking above the double top but closing below the resistance line. A solid break above this resistance looks to be pointing to ~24 and will confirm the trend change.


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Thu Jan 21, 2010 5:27 pm
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Post Re: Dollar
I was surprised it was flat today, but didn't look at any charts, that explains why it (at the least) paused here.

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Thu Jan 21, 2010 7:58 pm
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Post Re: Dollar
Although..it does seem to be behaving according to fib. levels as discussed here viewtopic.php?p=12910#p12910

And according to my charts it's hanging out above $23.09, for now. Consolidating for a move up? That's my hunch


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Thu Jan 21, 2010 8:04 pm
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Post Re: Dollar
Very nice looking Fibs. That could be in a book on fib extensions

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Thu Jan 21, 2010 8:29 pm
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Post Re: Dollar
yeah it predicted the low to within about 0.04. Although I had a hunch it was going to bounce at 127%. Instead it gapped below, leading me to bet on 22.01. Not sure why currency seems to behave so much better than stocks. In theory, other than a quick dip below $23.09, next stop up should be $23.93. That's only about $0.03 down compared to potential $0.81 up.

EUR/USD is spiking higher at the moment though so we'll see...but I show UUP was up t 23.21 AH so I don't really know.

edit: woops I forgot to crop the picture. Now you know my dirty secret. I used windows 7 with a laptop.


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Thu Jan 21, 2010 8:52 pm
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Post Re: Dollar
MarkyMark wrote:
woops I forgot to crop the picture. Now you know my dirty secret. I used windows 7 with a laptop.


And you have some pending windows updates :D

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Thu Jan 21, 2010 9:03 pm
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Post Re: Dollar
yeah well I'm in no hurry to do that if you know what I mean *wink*, although I did update my desktop computer without any troubles. Let's just say I don't really add much to Microsofts bottom line.

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Thu Jan 21, 2010 9:07 pm
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