Wednesday, May 29, 2013

Trading Consistency:

USD Overlay USDCHF:
The chart below represents the Dow Jones - FXCM USDollar (Japanese Candlestick) and an overlay line chart (Black) of the USDCHF-currency pair that has the closest correlation with the USDx.

At first glance, the upward trend has been defined after breaking away from the consolidation and thereafter rallied to its high. However, the volatility of price action hear the highs have reflected a "Tug of War" between bull & bear players as prices went in both directions several times. And currently the Dow Jones-FXCM USDOLLAR reflected two(2) DARK CLOUD clusters indicating a negative (bear) signal.
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