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d.vezeris
Jun 1, 2014 11:46 AM

US DOLLAR Weekly (22/2014) Chart Technical Analysis Long

Dow Jones FXCM Dollar IndexFXCM

Description

The US Dollar weekly chart shows the following signs:

Week by week US Dollar earns higher highs the last month (in May). It beats KUMO and Tenkan Sen recently. It has a very strong support at 10364 and a resistance at Kijun Sen @10563. Respectively in tech analysis in the KUMO we naturally have to be neutral but I have these thoughts:
XAUUSD Weekly shows short
EURUSD Weekly shows short too.

I think that all these together can be realistic if US Dollar tries to test the 10563 resistance target. So be long.
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