Monday, March 26, 2007

Dollar Update

The weekly dollar chart still shows the dollar is in a bearish pattern of lower lows and lower highs. Also note

1.) The trend line is still decidedly downward and the dollar index is nowhere near breaking the trend.

2.) The 20/50/200 SMAs are all decidedly bearish as well.

It's going to take a big, fundamental change for this chart to move into bullish territory.

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