US DOLLAR INDEX
($USD-Nasdaq):
Technical Viewpoint: From a low
of $78.60 on May 1, 2012 prices
rallied, reaching a
high of $83.54
on Jun 1, 2012. A
decline saw prices pull back, reaching a
low of
$81.16 on Jun 18, 2012.
Another rally saw prices penetrate
resistance, closing 6/6/12
at $83.38. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 6, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $82.88. Resistance: Is at $83.54.
Point & Figure: Reversed to the upside on May 30, 2012. A P&F upside
reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! US DOLLAR INDEX
($USD-Nasdaq) @ $83.50 Stop: Use a protective stop of $80.75.
US DOLLAR INDEX is currently trading @ $83.38 plus $0.56 on Jul 6, 2012. Price Objective:
$91.25. Risk/Reward: $2.75 VS. $8.50. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$91.25
Risk/Reward:
$2.75 VS. $8.50
Risk/Reward Ratio:
3:1
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