Wednesday, 23 June 2010

16:27 BST - Dollar Update

Speaking of the dollar, here's the updated 60 min chart. The lagging line and price have behaved as I would want them to (see here) in order to confirm that the trend has turned up:

Dollar 60 min chart:

As long as price now gets support from the cloud and/or the turning and standard lines and the lagging line stays above price on any decline, the uptrend should hold. If any of these fail to occur, it may be an early warning of more downside to come.