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Dollar Index: The Chart Everyone is Talking About
Here is the chart nearly everyone is discussing. The Dollar Index appears to be carving out a potential head and shoulders pattern. The left shoulder was shaped by the rally to 102 after the US election. It fell a little below 99.50 in early December before launching the year-end rally that took it toward 103.80. That area was retested in this year before the downtrend in January and forms the head of the pattern. The Dollar Index bottomed on February 2 near 99.25. It has rallied this month and reached 101.75 last week to frame the right shoulder. The neckline is drawn by connecting the early December and early ... (full story)
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- Feb 21, 2017 1:45pm Feb 21, 2017 1:45pm
- Roszey
- Joined Nov 2013 | Status: Busy | 26 Comments
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- Feb 21, 2017 5:59pm Feb 21, 2017 5:59pm
- Erebus
- Joined Jul 2011 | Status: Member | 105 Comments
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