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TFC Commodity Trading Forum

Long Term U.S.$ Chart *LINK*

Here is a 15 year chart of DX that shows a better picture than the Daily chart. This is using Stockcharts spot DX chart with Elder Impulse bars. Note the potential ahead with DX. Next 'significant' resistance pt is the Mar/09/July/10 double top of 89.70. If that is cleared the major resistance pt is the multi year top of 92.50. This was the 1998/2003 double bottom that broke down in late 2003 and served as resistance in 2005. Price has been building a base since 2008 and is in a 4 year channel which has been whipsawing many commodities all over the map. But overall the price is bullish and rising overall even though short term overbought. See link bottom left.