Thursday, March 5, 2009

Nice When All the Indicators Line Up


Dollar seems to be temporarily overbought.
A Down Trade Triangle was issued for the Dollar today (3/5)
An Up Trade Triangle was issued for the Franc today (3/5)
The Dollar/Swissy has now broken below 3 MA's (10 has just broken below the 21, 55, and 100.)
And... A Down Trade Triangle was issued for the Dollar/Swissy today. (3/5)

Should I be a Contrarian and go long the pair...I think not!

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