Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Wednesday, February 8, 2012
USD US Dollar Index Weekly Chart Inverted H&S
The neck line at 81 held so far, when it gives way to the upside, the dollar will target 88. Note the nice bounce off the bottom with the blue falling wedge, oversold conditions and positive divergence as forecasted here a year ago. 81 will offer up some strong resistance. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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