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Sunday, March 17, 2013

US Dollar Index - Jun 13 (DXM3) - Trend & Trading Strategy For the Week : 18 MAR 2013


$DXY 5 HOURS TREND INDICATES A UPSIDE PULL BCK IN PLACE - TILL 82.63  MARK (CURRENT RESIS)  - HOWEVER WEEKLY BEST BUY & SUPP IS @ 83 (ACTUAL RESIS) A BREAK ABVE  83.26 LEADS US TO 83.65 - 83.86 - 84.14 .

  DAILY TREND - MILD BEARISH  TARGETTING 81.80 - 81.52 MARK

 WEEKLY TREND - INITIALLY LOOKS ITS HEADING SOUTHWARDS BUT  IF ONE KEEP GLANCING @ IT KEENLY THEN WE CAN MAKE OUT FEW MAJORITY OF INDICATORS ARE  TAKING SUPPORT & BULLS WILL FINALLY EMERGE AS WINNERS AS OF WEEKLY PERFORMANCE

STRATGEY : WAIT FOR 82.63 SELL FOR TGT 82.03 - CLOSE POSITIONS & BE ON BUYING SIDE @ 82 - ADD MORE IF GET 81.88 OR 81.80 FOR TGT 83.65 - 84.14 , STOPS BELOW - 81.48

LTP - 82.34
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