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Here's Where The USD Could Reverse

By Chris KimbleForexNov 07, 2014 03:51PM ET
www.investing.com/analysis/here's-where-the-usd-could-reverse-231792
Here's Where The USD Could Reverse
By Chris Kimble   |  Nov 07, 2014 03:51PM ET
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USD: Weekly
USD: Weekly

The U.S. dollar is now facing resistance that has held three times over the last 5 years. At the same time, it's also facing channel resistance with overbought momentum and it's easy to find dollar bulls (lower left chart 85%).

It is these conditions that led members to take a long position in specific Gold and Silver miners as well as the oil complex Thursday morning with specific stops on each play, which are influenced by the USD's price.

Here's Where The USD Could Reverse
 

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Here's Where The USD Could Reverse

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Comments (1)
Candied Orange
Candied Orange Nov 08, 2014 3:29PM ET
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whut you talkin' 'bout Chris Kimble?
 
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