Nima Azadi's  Instablog

Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • Dollar Index Technical Outlook - 1 0 comments
    Sep 12, 2013 11:19 AM | about stocks: USD

    In the area shown in the chart, 2 harmonic patterns (Shark and Bat) have formed and thusly the buying pressure have increased.

    But we will not be confident of the bullish power until the 81.6983 resistance level is cleared.

    (click to enlarge)

    PS: (9/14/2013)

    In line with our technical perspective, a considerable decrease in the open short positions held by the large Speculators group can enhance the positive outlook of the Greenback in the coming weeks.

    (click to enlarge)

    Stocks: USD
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