Tuesday, July 10, 2012

Drop and rise? (2012-07-10 DXY analysis)
















Above is 4-hour chart of USD Index (DXY). It looks like it would drop in short time because of the bearish cross in MACD, but its upward trend hasn't vanished given the MACD bullish divergence. So let's keep track of it and see when it will drop to a good support for us to take long positions.

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