US Dollar Chart Setup Hints Deeper Losses Likely Ahead | Forex Factory

  • US Dollar Chart Setup Hints Deeper Losses Likely Ahead

    From dailyfx.com

    THE TAKEAWAY: US Dollar technical positioning suggests prices are likely to pull back further before the larger advance building over the past 10 months regains momentum. S&P 500 – Prices are testing resistance at 1331.70 marked by the 123.6% Fibonacci expansion, with a break above that exposing the 100% level at 1347.70. Near-term support is at the 1300.00 figure, a psychological barrier reinforced by former resistance at the top of a broken falling channel set from the May 1 high, with a break below that exposing the October 27 swing top at 1292.90. Daily Chart - Created Using FXCM Marketscope 2.0 CRUDE OIL – ... (full story)

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Nachiket
May 29, 2012 2:46am
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i sometimes wonder what shit they write. losses likely ahead. is he able to foresee the future charts by looking at today's charts. we are living in such a uncertain world. anytime anything can happen
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Henryfx
May 29, 2012 3:08am
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until there are fundamental issue supporting the technical, it does not work
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