I am not the most patient person but this continues to be in
play. Now will it take the market higher with it? Will
the two decouple? Or will it take it but to truncated highs
in the S&P?
Today's move in the dollar has definitely put this scenario into
peril. Still holding the 200 Day and has the 13 and 34 Weekly
MA's starting to move up with a nice slope but no divergence on the
intraday charts. Want to see the 200 hold.
As you would expect the dollar is mainly the inverse.
Still don't like the overall pattern of the weekly but those
do take time to play out. In the meantime the 4 hour RSI is
starting to become overbought - not a signal itself but maybe a
sign of some consolidation/rest which could lend to one more rally
into the 200 day MA and maybe then a top there with the Daily MACD
recycling just over 0 and intraday divergence.
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I am not the most
EURUSD / USD
Posted by tom on 1st of Nov 2012 at 08:37 am
I am not the most patient person but this continues to be in play. Now will it take the market higher with it? Will the two decouple? Or will it take it but to truncated highs in the S&P?
Today's move in the dollar
Posted by tom on 2nd of Nov 2012 at 12:39 pm
Today's move in the dollar has definitely put this scenario into peril. Still holding the 200 Day and has the 13 and 34 Weekly MA's starting to move up with a nice slope but no divergence on the intraday charts. Want to see the 200 hold.
As you would expect the
Posted by tom on 2nd of Nov 2012 at 12:45 pm
As you would expect the dollar is mainly the inverse. Still don't like the overall pattern of the weekly but those do take time to play out. In the meantime the 4 hour RSI is starting to become overbought - not a signal itself but maybe a sign of some consolidation/rest which could lend to one more rally into the 200 day MA and maybe then a top there with the Daily MACD recycling just over 0 and intraday divergence.