On the weekly the selling has just really slowed down (via
oscillator) although it shows us in a possible W3. The
daily looks a little erratic but certainly looks like a move to the
upper BB is doable.
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US dollar.... set for a gap either way
Posted by kalinm on 1st of Sep 2011 at 12:42 pm
Thoughts on US dollar here? Could gap down out of pattern, but MACD is supporting a move higher, above 50 day MA and out of a huge downtrend.
Another piece of the puzzle?
Posted by johnc on 1st of Sep 2011 at 12:50 pm
On the weekly the selling has just really slowed down (via oscillator) although it shows us in a possible W3. The daily looks a little erratic but certainly looks like a move to the upper BB is doable.