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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Today's move in the dollar
EURUSD / USD
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.