Thursday, November 25, 2010
Vol. again (2010-11-25 DXY analysis)
Following the volatility I posted yesterday, I found that USD Index might have the chance of increased volatility as well. This might align with the whoel market vol jump.
The index just broke the red downtrend resistant line, which had successfully stopped DXY from surging higher for two times. However, the index is now testing the next resistant 80, which is both a technical resistance and a psychological resistance. It could not break it yesterday, but MACD is showing a upward trend which gives power for the index to break. It would probably test this level again today.
The reason I said the vol of DXY might jump is due to the fact that the index is facing short-ranged resistance and support. Break of either side will set the index into big movements, though there is still a possibility for a narrow trading range, leading to sideway market.
If the index breaks 80, it could gain up to 83.
張貼者:
Jeffrey Sha
於
8:34 AM
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment