1.) All the simple moving averages are trending down.
2.) The prices on both charts are below the simple moving averages
3.) Both charts are below a downward sloping trendline.
The daily chart
The Weekly Chart
Thursday, April 5, 2007
Dollar Update
The daily and weekly dollar charts are still weak. Both have the same common bearish indicators:
1.) All the simple moving averages are trending down.
2.) The prices on both charts are below the simple moving averages
3.) Both charts are below a downward sloping trendline.
The daily chart
The Weekly Chart
1.) All the simple moving averages are trending down.
2.) The prices on both charts are below the simple moving averages
3.) Both charts are below a downward sloping trendline.
The daily chart
The Weekly Chart
