Sunday, February 5, 2017

Dollar Index tested trend channel support

Dollar Index tested 99.8 support and trend channel support, rebounded and closed with a doji.  It closed with an outside day on the weekly chart.  Closing below trend channel for 2-3 days may see more selling.  If can closed above TLD4 for 2-3 days, up trend may resume.
Resistance at TLD4, 100.3, TLU6, 101.5, Trend Channel (Blue)
Support at  99.8, Trend Channel (Blue), 98.3, TLU7, TLU9, 97.3

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

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