Sunday, November 7, 2010

USD Index Break Long Term Support


The above chart is from the respected financial blog, Jesse’s Café American, which depicts a long term chart of the USD index, and it also includes the percentage breakdown of the index.

According to Carl Swenlin's mechanical Trend Model, the USD index is in a neutral stance, but the daily, weekly, and monthly charts are all bearish. See the charts here.

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