Friday, March 14, 2008

U.S. Dollar Index Update for 03.14.2008

US DOLLAR INDEX FUTURES - DX Ao

Monthly chart shows the increasing selling momentum in the USD. My downside target of .72 has been exceeded. No buy signal/pattern evident on this timeframe. Look for much lower still.

Weekly chart shows nothing but red. Selling pressure is increasing momentum. No buy signal/pattern evident on this timeframe.

Daily chart shows no buy signal/pattern evident. Look for continuation lower.

No comments: