Memorial Archives

A Look at the US Dollar
posted Feb 5, 2005 at 11:54AM

Price Action

Bullish price action. Short-term moving averages are in bullish alignment

Daily Chart

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.

Weekly Chart

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.

Bullet Bullet Bullet