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US DOLLAR INDEX
($USD-Amex):
Technical Viewpoint: From a low
of $76.07 on Sep 15, 2011 prices
rallied, reaching a
high of $78.86
on Sep 26, 2011. A
decline saw prices pull back, reaching a
low of
$77.31 on Sep 28, 2011.
Another rally saw prices penetrate
resistance, closing 10/3/11
at $79.43. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 3, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $77.31. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 9, 2011. A P&F upside
reversal takes place at $76.00. Summary: Technical indicators have turned bullish. BUY! US DOLLAR INDEX
($USD-Amex) @ $79.75 Stop: Use a protective stop of $77.25.
US DOLLAR INDEX is currently trading @ $79.43 plus $0.88 on Oct 3, 2011. Price Objective:
$85.00. Risk/Reward: $2.50 VS. $5.25. Today's Risk Reward Ratio: 2:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$85.00
Risk/Reward:
$2.50 VS. $5.25
Risk/Reward Ratio:
2:1
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