Monday, January 16, 2012

Dollar Index (Mar 11) intraday: further upside

Dollar Index (Mar 11) intraday: further upside.
Pivot: 81.2
Our preference: Long positions above 81.2 with targets @ 81.75 & 82 in extension.
Alternative scenario: Below 81.2 look for further downside with 80.6 & 80.25 as targets.
Comment: the RSI is bullish and calls for further upside.


The red lines are the supports, the green lines are the resistances and the blue line is the pivot point (the key level where we would turn bullish from bearish, or bearish from bullish). There is no one-way for calculating our supports and resistances. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. 




Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Indonesia Analisa yang kami berikan adalah berdasarkan perkiraan pergerakan rata rata harga dalam satu hari. Tidak menjamin apa yang kami sampaikan adalah sesungguhnya menjadi tepat dan benar. Segala hal yang terjadi dalam anda melakukan keputusan terhadap transaksi trading yang anda lakukan adalah menjadi tanggung jawab anda.
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