iStock_000009640360XSmall Dollar Index - Weekly Technical Outlook – July 16, 2010

FMX | Connect – www.fmxconnect.com - (Reported 7/16/10)

 

 

 

 




 

Chart 1: Daily Front Month Dollar Index (long-term analysis):

image

 


Weekly Outlook:

This week, traders will be closely following $83.87 resistance and $82.40 support. If price action is positive, look for a solid close above the trend line. If $82.40 fails to hold, look for a close below the 200-day moving average.

-------------------------------------------------------------------------------------------------------------------

Technical Statistics 

 

U.S. Dollar Index September 2010 (ICEFI)
Date Open High Low Last Change
7/16/2010 82.61 82.795 82.25 82.658s -0.085
Period Moving Average Price Change Percent Change Average Volume
5-Day 83.462 -1.412 -1.68% 20,478
20-Day 84.915 -3.242 -3.77% 18,471
50-Day 86.043 -1.76 -2.08% 10,666
100-Day 83.802 1.23 1.51% 0
200-Day 80.786 4.825 6.19% 0
Year to Date 82.693 4.175 5.31% 0
Period Raw Stochastic Stochastic %K Stochastic %D Average True Range
9-Day 17.35% 13.39% 13.39% 0.787
14-Day 11.26% 9.92% 10.43% 0.803
20-Day 10.99% 8.83% 8.47% 0.804
Period Relative Strength Percent R Historic Volatility MACD Oscillator
9-Day 19.17%% 82.65%% 5.95%% -0.73%
14-Day 26.89%% 88.74%% 8.38%% -1.40%
20-Day 33.73%% 89.01%% 7.61%% -1.89%
50-Day 46.88%% 92.97%% 9.87%% -3.02%
100-Day 51.24%% 71.29%% 8.89%% -0.78%

 

-------------------------------------------------------------------------------------------------------------------

 

Chart 2: Daily Front Month Dollar Index (long-term analysis):

image

 

 

Long-Term Outlook:

The Dollar Index broke its long-term trend line failed to find support at the 100-day moving average. If upside momentum is to continue, the index must find solid support at the 200-day moving average.



 

 

 

----

About FMX: FMX Connect is an information, data, and analytics portal for Commodities. The portal provides an all-in-one package including essential market data, independent third party research, industry news, and commodity trading tools. FMX Connect provides efficient, effective, and thorough data that bridges all aspects of commodities onto one screen. The Result; A user friendly application for hedge fund traders, OTC brokers, individual investors, and industry participants.
-----
Note: The information presented, while from sources generally believed to be reliable, is not guaranteed and may not be complete. FMX | Connect makes no representations or warranties regarding the correctness of any opinions or information. Past results are not necessarily indicative of future results. Nothing in this report should be construed as a representation to buy or sell shares, futures or options, which contain considerable risks. For internal client distribution only. Any reproduction, re-transmission, or distribution of this report without permission is prohibited. Media correspondents or reporters may not quote any one page or section in its entirety and must attribute all quotes, ideas or concepts herein. Copyright FMX | Connect, ©2009-2010. All rights reserved.