Not so much of trading for me this week. It is a gambling week, and I don’t have too much of time and energy to gamble the NFP, FOMC, Election etc. Anyway, Dollar index ($DX) bounces off weekly trend line formed by the lows of 2008.4.20 and 2009.11.22. We have a simple harmonic pattern and some Fib levels confluences at current level. Here is the daily chart. This might open up the door for some interesting trading opportunities for the coming week.
Here is the CHART!
Trade safe, Trade well.
[tab: Update 16 Nov 2010]
Here is the updated DX chart. Bullish harmonic formation works out nicely. Dollar still looking bullish