Not exactly, it only means that the dollar is getting over sold,
you need to wait for a buy signal when it comes out of the over
sold zone. All things can get more over sold or bought, Wait
an watch.
Plus, that was on the dollar future and I didn't tweak the
William's up to a 30 count where I like it, this UUP chart shows
that we have a good bit further to fall on the dollar. Watch the
lower trendline, that is were is should become a good buy for a
short term trade.
The MACD is below 0 and the 60 period stochastics are below 20,
plus I don't see any support on the 60 min and 4hr charts. I
would at least wait for a bounce off support, or a turn up in those
indicators before buying.
USD (4hr)
Posted by oops1e on 21st of Jul 2011 at 08:52 am
DANGER!
I was just going to
Posted by ditch on 21st of Jul 2011 at 08:57 am
I was just going to post this Opps
Ditch, would Willaims % imply
Posted by jambo1 on 21st of Jul 2011 at 09:13 am
Ditch, would Willaims % imply limited downside?
great minds think alike
Posted by oops1e on 21st of Jul 2011 at 08:59 am
great minds think alike
Buying dollar here....I think sell
Posted by johnsa on 21st of Jul 2011 at 09:07 am
Buying dollar here....I think sell off is overextended
Buying the dollar ??....What does the chart say ?
Posted by Tango on 21st of Jul 2011 at 09:13 am
Not exactly, it only means
Posted by ditch on 21st of Jul 2011 at 09:21 am
Not exactly, it only means that the dollar is getting over sold, you need to wait for a buy signal when it comes out of the over sold zone. All things can get more over sold or bought, Wait an watch.
Plus, that was on the dollar future and I didn't tweak the William's up to a 30 count where I like it, this UUP chart shows that we have a good bit further to fall on the dollar. Watch the lower trendline, that is were is should become a good buy for a short term trade.
Thanks Ditch
Posted by jambo1 on 21st of Jul 2011 at 09:41 am
Thanks Ditch
The MACD is below 0
Posted by oops1e on 21st of Jul 2011 at 09:20 am
The MACD is below 0 and the 60 period stochastics are below 20, plus I don't see any support on the 60 min and 4hr charts. I would at least wait for a bounce off support, or a turn up in those indicators before buying.
commodities are not seeing the
Posted by johnsa on 21st of Jul 2011 at 09:18 am
commodities are not seeing the same affect for a dollar being down..