Monday, August 10, 2009

Dollar Index Study

We thought these charts would help illustrate a potential reversal in course for the path of the US Dollar.


In March of 2008 the US Dollar placed a low price that then moved higher until March of 2009. Last week saw what could have been the last blast downward that seemed to gain support just slightly through the .618 Fibonacci retracement level prior to reversing course and creating a weekly reversal bar on the charts.



If we can help with any questions there are regarding what any of this means or how it may be utilized please let us know.

You can contact us at jmajer @ mfglobal .com; 312 261-7380; 800 321-5810



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