Dollar Index - Weekly Technical Outlook – June 14, 2010
FMX | Connect – www.fmxconnect.com - (Reported 6/14/10)
Chart 1: Daily Front Month Dollar Index (long-term analysis):
Weekly Outlook:
This week, traders will be closely following $89.75 resistance and $85.33 support. If price reaches $89.77 expect a pullback as this will mark a short-term top. A close below $85.33 could possibly push price to test the trend line.
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Technical Statistics:
| DXM0 - U.S. Dollar Index June 2010 (Icefi) | | | | | |
| | | | | |
| Date | Open | High | Low | Last | Change |
| 6/14/2010 | 87.4 | 87.4 | 86.87 | 86.97 | -0.547 |
| | | | | |
| Period | Moving Average | Price Change | Percent Change | Average Volume | |
| 5-Day | 87.612 | -1.493 | -1.69% | 22548 | |
| 20-Day | 87.023 | 0.739 | 0.86% | 27895 | |
| 50-Day | 84.27 | 5.998 | 7.41% | 26657 | |
| 100-Day | 82.409 | 8.165 | 10.36% | 17682 | |
| 200-Day | 79.798 | 7.66 | 9.66% | 0 | |
| Year to Date | 81.927 | 8.405 | 10.70% | 15792 | |
| |
| Period | Raw Stochastic | Stochastic %K | Stochastic %D | Average True Range | |
| 9-Day | 24.22% | 49.13% | 63.14% | 0.942 | |
| 14-Day | 36.13% | 57.74% | 69.98% | 0.945 | |
| 20-Day | 47.34% | 64.85% | 75.92% | 0.919 | |
| |
| Period | Relative Strength | Percent R | Historic Volatility | MACD Oscillator | |
| 9-Day | 49.78% | 75.78% | 9.86% | -0.441 | |
| 14-Day | 55.57% | 63.87% | 9.85% | -0.115 | |
| 20-Day | 58.42% | 52.66% | 10.78% | 0.195 | |
| 50-Day | 60.10% | 21.13% | 9.19% | 2.948 | |
| 100-Day | 56.99% | 17.95% | 8.31% | 4.809 | |
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Chart 2: Daily Front Month Dollar Index (long-term analysis):
Long-Term Outlook:
The Dollar Index is forming a cup and handle formation. Expect to see strong upside momentum once the pullback (handle) is complete.
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