Archive for July, 2009
GOLD, SILVER, CRUDE OIL and US DOLLAR INDEX
MARKET OUTLOOK ALERT
FOREX TRADE ALERT for US DOLLAR INDEX, GOLD, SILVER, CRUDE OIL.
TRADE ALERT for GOLD.
Spot gold broke through resistance at 950, but the tall shadow and weak close are unconvincing. Follow-through above $960 would confirm that the correction is over, while reversal below $940 would signal continuation — and a likely test of primary support at $865. In the long term, breakout above $1000 would signal a primary advance with a target of 1100, while failure of primary support at $865 would test the November 2008 low of $700.
TRADE ALERT for SILVER.
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GOLD, SILVER, CRUDE OIL and US DOLLAR INDEX | MARKET OUTLOOK
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FOREX TRADE ALERT and OUTLOOK for EUR/USD, USD/JPY, AUD/USD
and UD DOLLAR INDEX
FOREX TRADE ALERT: US Dollar Index
The US Dollar Index is testing support after consolidating in a narrow band between 79.50 and 81 for several weeks. Downward breakout, in the direction of the primary trend, is more likely and would warn of a decline with a target of 73. Penetration of support at 78.50 would confirm. Upward breakout is not expected, but would test resistance from the March low at 83.
Dollar Triangle Against The Euro.
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FOREX TRADE ALERT for USD/JPY, EUR/USD, AUD/USD and US DOLLAR INDEX
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