USDOLLAR Drops Right into Channel…Again

| 26 april, 2013 | 0 kommentarer

Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Drops Right into ChannelAgain

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: No change: “The USDOLLAR has traded to a new high but also formed a key reversal for the 2nd time in the last 3 days. This rally is accompanied by waning momentum with daily RSI well below the levels registered at the March price highs. Respect the potential for additional strength on balance over the next week but probably into a top. A diagonal is also possible here (as it is in USDJPY).”

FOREX Trading Strategy: Flat

LEVELS: 103914 10442 10489 10564 10608 10650

— Written by Jamie Saettele, CMT, Senior Technical Strategist for

To contact Jamie e-mail [email protected]  Follow me on Twitter for real time updates @JamieSaettele

Subscribe to Jamie Saettele’sdistribution list in order to receive actionable FX trading strategy delivered to your inbox. Jamie is the author of Sentiment in the Forex Market.

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *