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  • US dollar resilient despite sharp S&P 500 advance

    From dailyfx.com

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    THE TAKEAWAY: The US Dollar managed to hold up near familiar technical levels despite a sharp rally in the S&P 500 that might have been expected to sink the haven currency. US DOLLAR TECHNICAL ANALYSIS– Prices are testing above resistance at 10044, the 32.8%Fibonacci expansion. This barrier is reinforced by rising trend line support-turned-resistance at 10064. A break above the latter level aims for the 50% level at 10082. Initial support is at 9995, the 23.6% expansion, with a reversal below that exposing a rising trend line at 9933. Daily Chart - Created Using FXCM Marketscope 2.0 ... (full story)

    • pip_trader
      pip_trader's Avatar

      635 posts
    • Yea, I know. Technically, and probably fundamentally, the dollar wouldn't see a sell off. I even emailed the author, Ilya, about it. Is my analysis better?

    • smikester
      smikester's Avatar

        5,459 posts
    • Quoting pip_trader
      Yea, I know. Technically, and probably fundamentally, the dollar wouldn't see a sell off. I even emailed the author, Ilya, about it. Is my analysis better?
      No, because you have not posted an analysis. One line of what you guess is not an analysis. The last chart you posted was mostly filled with indicators and no proper analysis.

    • Yao

      499 posts
    • how about just tell us your entry position and stop and take profit points?
      Quoting pip_trader
      Yea, I know. Technically, and probably fundamentally, the dollar wouldn't see a sell off. I even emailed the author, Ilya, about it. Is my analysis better?

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