USDOLLAR Key Reversal after Extended Advance

| 9 juli, 2013 | 0 kommentarer

Daily

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Key Reversal after Extended Advance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader

FOREXAnalysis: The USDOLLAR break above the May high has encountered the 127% level of the May decline. Monday’s key reversal at the level could mark an important top but weakness below 10920 is needed in order to create overlap with the most recent peak and suggest as much. Until then, upside momentum is too strong to fight.

FOREX Trading Strategy: Flat

LEVELS: 10813 10877 10920 11009 11114 11274

— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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

E-postadressen publiceras inte. Obligatoriska fält är märkta *