Dollar Index Weekly.
Price is reaching the 1985 downtrend_line connecting the major descending 2002 high. ( at 87.50 ).
Generally, a downtrend line brake_out makes more sense and can offer validity, when previous major highs are also being surpassed. Generally, in numerous cases of breaking isolated highs( rather than major highs ), there
is a failure of break through.
Weekly RSI is reaching the 90 price level.
This might be one of the strongest parabolic rises of such strength,(without pause) on the weekly RSI, in a historic perspective.
On the Daily level, RSI has stalled at 90, hovering around, resembling the 8 - 9/2008 time_period, possibly at the
price projection as well.
On the monthly level, RSI is crossing the 70 level.
No, any serious divergences.
The next high horizontal price milestone, could be the 1/6/2010 at 88.70 - and 2/3/2009 at 89.70 area.
Price is reaching the 1985 downtrend_line connecting the major descending 2002 high. ( at 87.50 ).
Generally, a downtrend line brake_out makes more sense and can offer validity, when previous major highs are also being surpassed. Generally, in numerous cases of breaking isolated highs( rather than major highs ), there
is a failure of break through.
Weekly RSI is reaching the 90 price level.
This might be one of the strongest parabolic rises of such strength,(without pause) on the weekly RSI, in a historic perspective.
On the Daily level, RSI has stalled at 90, hovering around, resembling the 8 - 9/2008 time_period, possibly at the
price projection as well.
On the monthly level, RSI is crossing the 70 level.
No, any serious divergences.
The next high horizontal price milestone, could be the 1/6/2010 at 88.70 - and 2/3/2009 at 89.70 area.