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Commodity Trading Discussion Forum

Re: DX is just waiting for you!/Update *PIC*

Posted By: Trades
Date: Tuesday, 3 November 2009, at 9:53 a.m.

In Response To: DX is just waiting for you! *PIC* (Trades)

"THIS" is what I was expecting to happen with last night's post. Sure enough "Thar She Blows." Note the spike up through the downtrendline and price resistance of 76.80. Price ran all the way up to the 2nd price resistance pt at 77.52 almost to the tic. This is a significant change. Regardless of price backing off watch to see if DX can hold above the breakout points at 76.80. This is the acid test for DX. That's all it needs to do for now and then even just consolidate to suggest a continuation of a rally. Also note the RSI 21 is clearing the 50 line resistance for the 1st time since April. Plus numerous positive divergences on most oscillators.


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