- Joined
- 6 May 2005
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WAYNE ... here is what I believe is the best way to illustrate to you what is happening recently in Us Dollar ..... theses charts to help to understand why gold anthe major currencies are having a hard time ... the posture of the us dollar lately is very bullish short- term.
L,ong term it is bearish , and been bearish ,,,, but its the same old same old to me ,,,, resistance is stil resistance and support is still support and it take s a certain eye to really see them along with time and experience ..........
and this is what my experience is showing me right now ...
in my pryor post i was trying to explain that Us Dollar is ralliying into an area of reasistance and now here it is .... any one buying the us dollar is buying at the top .... what i am looking for going forward ater this run up is some kind of consolidation to start happening ...
What I sugest you do is to get a DAILY us dollar chart and put a 9 day or a 14 day simple moving average line on it .. if prices break below ..
Well , it could be the begining , of a new down turn ,,,,, well we will see .....
Sorry it took so long to answere your qoustion about the us dollar ......
I have put on my Dow Jones charts earlier for people to request a chart .. and you are the only one who asked ......
Take care .......
L,ong term it is bearish , and been bearish ,,,, but its the same old same old to me ,,,, resistance is stil resistance and support is still support and it take s a certain eye to really see them along with time and experience ..........
and this is what my experience is showing me right now ...
in my pryor post i was trying to explain that Us Dollar is ralliying into an area of reasistance and now here it is .... any one buying the us dollar is buying at the top .... what i am looking for going forward ater this run up is some kind of consolidation to start happening ...
What I sugest you do is to get a DAILY us dollar chart and put a 9 day or a 14 day simple moving average line on it .. if prices break below ..
Well , it could be the begining , of a new down turn ,,,,, well we will see .....
Sorry it took so long to answere your qoustion about the us dollar ......
I have put on my Dow Jones charts earlier for people to request a chart .. and you are the only one who asked ......
Take care .......
