A Look at the US Dollar
posted Feb 5, 2005 at 11:54AM
Bullish price action. Short-term moving averages are in bullish alignment
Two bull kisses on the MACD. RSI bouncing off the 50 but nowhere being overbought. Sustained stochastics strength. The dollar remains on short-term buy.
Bullish MACD cross is an IT buy signal. Everything looks constructive and there is nothing from a TA perspective, that I see anyways, that says recent trend are about to reverse.