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TFC Commodity Trading Forum

U.S.$/Critical point *PIC*

DX has pulled back from its double top and major resistance of 81.50 and retraced 50% of the Oct to Jan rally. Price is presently testing its downtrendline and trying to hold its recent low and rally again. Technicals show a postive divergence on the CCI 20 along with tests of its M.MACD 0 line support. With the 20ema coming back down to the 50ema at the 79.50 area price needs to rally up and through this price point to curl the 20ema back up and have price back in a positive trend once again. So far no damage has been done to the chart but price does need to turn around again very soon much like it did in early Nov. A significant move by DX in either direction does have dramatic effects in most other markets.

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U.S.$/Critical point *PIC*
Re: U.S.$/Critical point *LINK*