Do not have USD, bear pennant pattern always continues down. After a crash, a pennant is formed, and the crash continues down. We're witnessing USD's last months of pumping before tumbling down. When that RSI line is broken, buh bye dollar.
Not holding a position, but weekly chart looks pretty straight forward here, new channel and resistance levels....It has to pass 4.50 or else.
Be ready for the biggest crash since 2008, even worse, 5500 down. Gold will be 2800 by Jan 2014
Can go up on new channel, or down off old support...If it goes into new up channel and new trend line, first test will be the median resistance of the pitchfork and old resistance tested on Feb 13th and 20th of 2.84, if that breaks through, 2.93 and 2.99 are next....with a good Q1, it'll be the end of the $2's for a decade or more.
It popped out to 2.69 x 2.70 for a few minutes....would have to close above channel to break out further... March 25th support should hold @ 2.65 today with Gap fill (sometimes they fill, sometimes they don't)
Held up nicely, consolidation and steady accumulation, looks like sell-off from two weeks ago might be over.
Looking good here, new pitchfork channel, would be nice to cross red median soon this week or next.
Got tired of people posting completely useless charts with no data to back it, No one is looking at the big picture, it's nice to predict daily charts, but predicting long is where you learn. Now look, Moving along new channel, now between 50 and 100MA, rising tight support of 2.42 and next major support of 2.25, there's no random support levels of 2.46 - 2.45 -...
Everything else looks good, CFM trend line, MACD about to cross, and extremely oversold.
Extremely oversold...ready to move back up now, a gold move will push this up quickly. Looking like a good turn around coming this month with some news.
Extremely oversold...ready to move back up now, a gold move will push this up quickly. Looking like a good turn around coming this month with some news.
Gold not helping this play, but light at the end of the tunnel....might be time for a turn around...with Gold being down, lots of stops being hit, most investors running with either a loss or taking profit when it ran from 50-60 cents....Been in since 1.05 with an avg of about 97....stuck holding bag here until gold recovers, or unless this chart is correct.
By looking at the 30 minute chart, a new pattern is seen, a new trend line following the gap. Let's see if this pattern holds.
Hourly MACD crossing Friday + closing breakout above trend line + no Q4 warnings in sight = Big week next week, will close 2.75 - 2.90 - with major break out 20% after positive earnings on Jan 22nd.