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Re: Trades - USD chart ?/Silverbear *PIC*
In Response To: Trades - USD chart ? ()

Here is DX once again. Since the channel breakout over 76.50 and the run up price has pulled back to the breakout point and is just sitting there. Gotta hold in this 76 area or that 50ema that just crossed up over the 200ema for the 1st time since last Oct will cross back down along with price and become bearish again. A report I came across awhile back said the U.S.$ has 16 year cycles and this last one ended on the most recent low. Previous cycles ended in 1995 and 1980. He claimed with his historical report that DX should have a multi year bull trend now.But that doesn't help short term. DX really can't drop below 76 support that it is sitting at and that to me is the acid test. That means EC should selloff now that it is bumping up major resistance at 139-140. That is the key for sure from what the chart tells me.

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Trades - USD chart ?
Re: Trades - USD chart ?/Silverbear *PIC*