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Volatility remains high as the US Dollar continues to try and reverse its fortunes
Mon, Nov 30 2009, 05:05 GMT
by Pierre Charlebois
Trading Metro
This week saw a sudden turn back towards Dollar strength and a brief flight
to safety amid the news out of the middle east regarding Dubai's financial
debacle.
It demonstrates how fragile the overall picture is of the world economy.
Knowing this, the question is; what event might cause further reaction by
investors and traders to run to safety in the USD.
From a technical perspective a common way a long term trend would end is in
an Ending Diagonal (wedge). I have included a potential 'Elliott Wave' count on
EUR/USD as one possibility of such a hampering.
Of course these counts on shorter term charts are always quite subjective so
anything is still possible.
USD Index - Trend-line still holding...

EUR/USD - Is there an ending diagonal forming?


GBP/USD - Top may hold

USD/JPY - Is a bottom forming?

USD/CHF - Reflects the Index

AUD/USD - Channel support broken

NZD/USD - Is there a new channel forming?

USD/CAD - Range narrowing; which way will the break-out be?

EUR/JPY - Will the reversal be significant?

Published on
Mon, Nov 30 2009, 05:15 GMT
Archive
- USD - From Zero to Hero
Published On Mon, Dec 21 2009, 16:24 GMT
- USD strengthening - Will this continue?
Published On Mon, Dec 14 2009, 05:45 GMT
- Volatility hits 6 month high in many Forex pairs - What does this signal?
Published On Mon, Dec 7 2009, 02:23 GMT
- Volatility remains high as the US Dollar continues to try and reverse its fortunes
Published On Mon, Nov 30 2009, 05:05 GMT
- Dollar could be reaching the Rubicon
Published On Mon, Nov 23 2009, 02:09 GMT
[ View All ]
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