Browse Symbol Stacks: $USD: Long term US dollar Index.png

Long term US dollar Index.png

US Dollar long term log chart. Obviously the dollar has been charging upward recently. But if you look at the long term chart it is at an important down trend line. It is also very close to a 50% retraction if the last major wave down form 2001 to 2009. The RSI is in overbought territory. Of course it could keep charging up but looking for a possible reversal here. If it does this could also give a bounce to oil. Take care. Have a great weekend. Tom B


Closing Basis - go with the flowClosing Basis - go with the flow
Thanks, Tom. That reminds me, I need to do some long-term charting soon. It's been a while and need to make sure I have context for the daily/weekly movements. 1/24/15