Monday, November 30, 2015

Dollar Index Update

Dollar has busted out of a small wedge but is up against a couple more resistance lines at or near either a .500 (third pic.) or 1.00 node (fourth pic.). Could stall or reverse right here. The first image is hardest to reconcile with the others, but it is the shortest time scale pictured. Regular chart, breakout is the little curl to the upper right, the wedge can also be seen, but it looks elongated within the narrowing Bollinger Bands.

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