Thursday, January 21, 2010

The Dollar Rally Continues



A few days ago I wrote about how the dollar was making its first higher low which is usually a good trade. Well since then the dollar has rallied and came very close to making a 4 month high today which is something we haven't seen for quite sometime.

If you measure the first advance from the November low to the December high and add it to the low of the pullback, you will get an upside objective of approximately 80.75. This is where I think the dollar is headed in the weeks to come. Let's see what happens.

3 comments:

frank said...

Kevin

Great call on the USD.

Do you think 80.75 tops this move or we move higher after a consolidation.

Thanks

Anonymous said...

Well, this was a great call from what we have been seeing go on . From my side I am hearing a lot of talk now about being oversold on the equity side . Would you expect a rest here or just straight up to resisitance ?
Thanks

Anonymous said...

If the u.s.$ can cross over the "golden cross " how far do you see it going up ?

Thanks
Mike

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