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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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...If the dots don't connect, gather more dots until they do...




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Monday, May 04, 2015

Where Does the U.S. Dollar Go From Here?

The USD may stabilize somewhat and swirl around this Fibonacci fanline at or near its current price level, as shown on the following Weekly chart, before, either, resuming its uptrend, or, perhaps falling to its lower Weekly Bollinger Band around 90ish. I'd watch the RSI to see if it remains above 50 to support a theory for higher levels.