Thursday, April 12, 2007

U.S. Dollar Makes 2 A Year Low



I've been looking for the Dollar to test last year's low since late January based on cycles, oscillators and trend. Well today that objective was reached as the U.S. Dollar made a two year low.

I'd like to see the dollar continue moving lower, as that will boost commodities which should help my long oil and metal positions.

Posted by Kevin

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2 comments:

Anonymous said...

Any thoughts on the bullish RSI (14) divergence (Dec 06 - present)? Possible pullback or consolidation before continued downtrend?

10:29 PM
Kevin said...

I think lower

10:51 PM

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