Bad Dog, you just don't understand....unless the dollar hits rebound head and shoulders resistance, it will have retest flexibility, unless it sees a double top (or botom)....on the other hand, if the 50-day moving average and 100 day moving average converge, it means the dollar is rangebound between them, and will stay rangebound, until its movement causes a divergence of the aforesaid 50 day and 100 day moving averages. Once this occurs, it will begin to retest the upper or lower range of the previous range, until it breaks through, either up or down. Get it?
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Bad Dog, you just don't understand....unless the dollar hits rebound head and shoulders resistance, it will have retest flexibility, unless it sees a double top (or botom)....on the other hand, if the 50-day moving average and 100 day moving average converge, it means the dollar is rangebound between them, and will stay rangebound, until its movement causes a divergence of the aforesaid 50 day and 100 day moving averages. Once this occurs, it will begin to retest the upper or lower range of the previous range, until it breaks through, either up or down. Get it?
Jan 14 14:04 pm
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