Dollar Index - Weekly Technical Outlook – July 6, 2010
FMX | Connect – www.fmxconnect.com - (Reported 7/6/10)
Chart 1: Daily Front Month Dollar Index (long-term analysis):
Weekly Outlook:
This week, traders will be closely following $84.36 support and $85.47 resistance. If price action is positive, look for a solid close above $86.54. If $84.36 fails to hold, look for support at the 100-day moving average.
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| Technical Statistics U.S. Dollar Index September 2010 (ICEFI) | | | | | |
| | | | | |
| | | | | |
| Date | Open | High | Low | Last | Change |
| 7/5/2010 | 84.95 | 85.075 | 84.94 | 84.995 | 0.133 |
| | | | | |
| Period | Moving Average | Price Change | Percent Change | Average Volume | |
| 5-Day | 85.639 | -0.909 | -1.06% | 21,900 | |
| 20-Day | 86.589 | -4.125 | -4.65% | 18,503 | |
| 50-Day | 85.859 | 2.728 | 3.33% | 7,561 | |
| 100-Day | 83.549 | 4.15 | 5.15% | 0 | |
| 200-Day | 80.499 | 7.67 | 9.96% | 0 | |
| Year to Date | 82.616 | 6.105 | 7.77% | 0 | |
| |
| Period | Raw Stochastic | Stochastic %K | Stochastic %D | Average True Range | |
| 9-Day | 13.19% | 29.82% | 34.52% | 0.873 | |
| 14-Day | 11.01% | 16.83% | 19.12% | 0.867 | |
| 20-Day | 6.38% | 12.62% | 16.27% | 0.846 | |
| |
| Period | Relative Strength | Percent R | Historic Volatility | MACD Oscillator | |
| 9-Day | 29.00%% | 86.81%% | 8.90%% | -0.49% | |
| 14-Day | 36.63%% | 88.99%% | 7.90%% | -0.63% | |
| 20-Day | 42.48%% | 93.62%% | 8.40%% | -1.28% | |
| 50-Day | 51.95%% | 60.51%% | 10.29%% | -0.55% | |
| 100-Day | 54.15%% | 50.06%% | 8.84%% | 1.76% | |
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Chart 2: Daily Front Month Dollar Index (long-term analysis):
Long-Term Outlook:
The Dollar Index remains in a strong uptrend. In the intermediate term, expect a potential pullback to the trend line before another push higher.
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