Market Curiosity: Exploring Markets And Systems

July 11, 2011

USD index turning bullish?

Filed under: Just Watching — Tags: — Jeff Fitzmyers @ 5:32 pm

+ Price just broke out of the weekly down trend line.
+ The midterm RSI is rising above a rising longterm RSI.
+ Volume was pretty stout on many of the recent up bars.
– Price still under the EMA’s.
– Futures price still below 3.5 major lows going back to 2008.

Maybe the dollar index does not go up much, but at least sideways for a few weeks??

Update: July 16th:

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