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TFC Commodity Trading Forum

U.S.$ Breaking out! *PIC*

DX is breaking out over its 4 month consolidation channel between 73 and 76.50. The breakout looks good so far but must still clear AND hold above this channel resistance of 76.50 to confirm. This would allow the 20ema which is now breaking above the 50ema and the 50ema to turn back up and clear the 200ema creating a bull trend once again with the 3 major moving averages to be rising and positive again. Lots of work ahead for DX but this is the 1st solid sign of a trend change for some time now.

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U.S.$ Breaking out! *PIC*
Re: U.S.$ Breaking out!
Re: U.S.$ Breaking out!/Halligonian *PIC*