OUR US DOLLAR NEAR TERM OUTLOOK , TREND & TRADING LEVELS INITIATED ON NOVEMBER 12 & LIKELY TO RE TEST THE OCTOBER 2011 HIGH
NOV 12 2011 :
US Dollar Index Weekly/Near Term Trend & Trading Levels
Best Buy 77 Actual Resistance & Best Short Level 77.76 a break above 78.20 upside Target 79.08/79.50 ; A crack below 76.60 downside Target 76/75.58
TREND
Firm Bullish
TRADING STRATEGY
There are growing indications that the recent decline in the U.S. dollar is over.Traders can buy on all dips @ or below 77 & average positions if get 76.65 for Weekly Near term Target of 79.50..And also its likely that US DOLLAR INDEX can Re test the OCTOBER high 80.42
CMP – 77.10
Read more: http://www.trendtradersonline.com/2011/11/us-dollar-index-ahead-14-nov-2011.html#ixzz1gRvsMYpe
08 DEC 2011 ALERT :
US Dollar Index Is trading @ 78.46 & threatening to re test the support 78 , resistance is seen @ 78.70 ; however bulls will be on charge once again if dollar index manages to break out from 78.70 ; However traders are advised not to take a short call on dollar index if it retests 78 ; rather only the breach & violation of support @ 77.82 will trigger the bearish alarm for tgt 75
TREND : BULLISH CONTINUATION
Read more: http://www.trendtradersonline.com/2011/12/us-dollar-index-update-08-dec-2011.html#ixzz1gRxUKdFD
12 DEC 2011 ALERT :
US DOLLAR INDEX TRADING @ 79.42 ..IT HAS TAKEN OUT THE RESISTANCE WITHOUT ANY STRUGGLE..THE BEHAVIORAL PATTERN INDICATES..NOTHING CAN STOP DOLLAR INDEX TESTING 80.65 LEVELS..SO THE STRONGER THE DOLLAR , PUTS PRESSURE ON GOLD , SILVER PRICES... SO WE MAY NOT SEE PULL BACKS TODAY IN GOLD/SILVER
Like · · Unfollow Post · Monday at 11:33am
ALL TRADER'S ALERT : DON'T MESS WITH "US DOLLAR INDEX" AS IT IS TRADING @ 80.19 AFTER MAKING A HIGH OF 80.27 ...MISSED MONEY IS BETTER THAN LOSING MONEY...BEARS WILL BE SLAUGHTERED CMP - 80.18
Like · · Unfollow Post · Monday at 11:02pm
DOLLAR INDEX DAYS HIGH 81.11
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