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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Tuesday, June 26, 2018
USD US Dollar Index Daily Chart; Golden Cross
The euro prints a death cross so the US dollar index prints a golden cross with the 50-day MA crossing up through the 200-day MA (the euro and dollar move inversely to one another). Typically, price would be expected to drop after the golden cross but the dollar will trend higher for weeks to come if the 50 remains above the 200. 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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