Tuesday, December 15, 2009

DXY Monthly View

Decided to take a quick look at the monthly DXY to see if its mid or reversal are coming into play. The answer is yes as we have closed above the mid. Sentiment is turning positive which may lead to a reversal of the downtrend.

trend=down
rev= 78.15; mid= 76.52
Monthly chart of DXY:


***Also noted that this reversal is also seen in Andy T's Dollar Update which is a must read.

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