$DX 03 Nov 2010

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.

Setup

Here is the CHART!

Trade safe, Trade well.

Update 16 Nov 2010

Here is the updated DX chart. Bullish harmonic formation works out nicely. Dollar still looking bullish

Comments

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Gav (Trader Gav) — Trackback2010-11-03 12:13:00 UTC

Have a look at dollar index $DX http://bit.ly/cnUqYm

Finance Reader — Trackback2010-11-03 12:13:56 UTC

Have a look at dollar index $DX http://bit.ly/cnUqYm: Have a look at dollar index $DX http://bit.ly/cnUqYm http://bit.ly/96T4gd

Aktuerya — Trackback2010-11-03 12:13:57 UTC

Have a look at dollar index $DX http://bit.ly/cnUqYm: Have a look at dollar index $DX http://bit.ly/cnUqYm http://bit.ly/96T4gd

Turkish Actuary — Trackback2010-11-03 12:13:57 UTC

Have a look at dollar index $DX http://bit.ly/cnUqYm: Have a look at dollar index $DX http://bit.ly/cnUqYm http://bit.ly/96T4gd

Actuary — Trackback2010-11-03 12:13:57 UTC

Have a look at dollar index $DX http://bit.ly/cnUqYm: Have a look at dollar index $DX http://bit.ly/cnUqYm http://bit.ly/96T4gd

tradergav — Trackback2010-11-16 00:51:59 UTC

Updated $DX Chart http://bit.ly/cnUqYm (look at Update 16 NOv 2010 tab). Bullish harmonic formation is still in play.

Gav (Trader Gav) — Trackback2010-11-16 00:57:47 UTC

RT @tradergav: Updated $USDX Chart http://bit.ly/cnUqYm (look at Update 16 NOv 2010 tab).(it should be dollar index)

$USDX 03 Nov 2010

Setup

Update 16 Nov 2010

Comments

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