November 26, 2007

US DOLLAR INDEX (NYBOT:DX)

Filed under: Forex Trading, Technical Analysis, Trading Technique — tradingfives @ 9:28 am

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the near term Very Weak Downtrend with very tight stops.

Based on a pre-defined weighted trend formula for chart analysis, DX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

Get a Trend Analysis on any symbol from MarketClub.

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