Tuesday, August 10, 2010

US DOLLAR INDEX / UPDATE AS ON 10.8.10

update as on 10.8.10

us dollar index has tested 80 zone approximately and bounced from there with +ve divergence in daily chart as shown in attached chart.equity markets move in inverse direction normally.read more comments on charts.


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8.7.10


LOOK AT CHART OF US DOLLAR INDEX ATTACHED HEREWITH.ITS MOVEMENT MAY GUIDE 

US FOR FURTHER MOVES IN EQUITY MARKET.BELOW 83.3LEVEL NEXT SUPPORT ZONE IS 

BETN 80 AND 82 ZONE . 200 DMA IS NEAR 82 AND 200EMA IS SHOWN IN CHART.NORMALLY 

WEAKNESS IN US DOLLAR INDEX HAD HELPED FOR UP MOVES IN EQUITY MARKETS AND 

GOLD.






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