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Re: US Dollar - Harold *PIC*
In Response To: US Dollar - Trades ()

Here is DX again. Not looking good. The falling 20ema continues to track below the falling 50ema like a railway track since Jan. But everyone 'just knows' DX is going to crash and burn and we all know what happens when everyone 'just knows' something. Short interest is still very high despite the recent bounce. That will likely increase even more. Meanwhile there is little bullish about this chart. Even the RSI 21 couldn't stay above the 50 line and the Modified MACD never did re clear the 0 line. Watch the critical 73 level for a guide. "IF" it double bottoms there watch for strength or weakness in the technicals. A breakdown below 73 would be even more bearish.

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Re: US Dollar - Harold *PIC*