Friends and Traders Forum

Re: dollar chart looking pretty ugly? *PIC*
By:Haligonian
Date: Tuesday, 2 March 2010, 12:15 pm
In Response To: dollar chart looking pretty ugly (Jack)

Don't know if I would describe the chart as ugly...perhaps in the long term, but clearly it has behaved bullishly over the last 3 months. There are now some negative divergences (RSI, MACD, etc.) creeping in here however, along with a bearish cross in progress on the MACD, so a decent correction/pullback could be imminent...lots of short-term support in the 78-79 zone if it breaks below 80 in the coming days.