CapMoore

Ready for a Move to the Weekly R1?

FX:USDOLLAR   Dow Jones FXCM Dollar Index
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USX has tested the Weekly Pivot Point and finding
support by the Daily S1. It looks like the retracement is
coming to an end. A close below the Kijun sen (white line)
would expose the Median line and the Kumo cloud (and below
Weekly S1 and Monthly PP .) A breaching of 11848 and the
3rd quartile will likely take index to Weekly R1 and the upper
Pitchfork band.
Ultimate destination for the bulltrend is obvious, the Monthly
and Yearly R1 confluence.
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