Stronger Dollar ahead?

Nothing shows up during my weekend chart screening. I decided to have a look at Dollar index(NYBOT:DX) to get a feel of over all trend direction. I am looking at the possible move into the zone of 82~83 before downtrend resumes. In other words, I might be looking at a stronger dollar for the coming week.

I am still with my previous call of weaker EURUSD. Short setup is still valid. Let's see how it develops in the coming week.

Here is the CHART of Dollar index

More about CHART and Triangle signal.

As usual, if you are interested in listening to my rant, and (fatal ?) market calls, follow me on Twitter.

Comments

Historical comments are preserved here. New comments are closed.

Cameron Fields — Trackback2009-06-14 06:38:07 UTC

Stronger Dollar ahead? | Gav's trading blog: "Immigration staff who were under pressure to meet quantit.. http://bit.ly/D65wM

Trader Gav — Trackback2009-06-14 12:32:45 UTC

Tweet my blog post: Strong dollar ahead? http://is.gd/11Cs8

LANTOT — Trackback2009-06-14 12:55:54 UTC

RT @tradergav: Tweet my blog post: Strong dollar ahead? http://is.gd/11Cs8

Daily Trader Supplies2009-06-30 06:22:00 UTC

Hi, The dollar condition is decreasing. I hope so the economy gets stable soon. The trade suppliers looking for the conditions to get better for further investments.

Daily Trader Supplies2009-06-30 06:22:36 UTC

Hi, The dollar condition is decreasing. I hope so the economy gets stable soon. The trade suppliers looking for the conditions to get better for further investments.

Stronger dollar ahead?

Comments

Recommended FX Charting

Recommended Training