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Friday, September 5, 2014

USD breaks out of the Ichimoku Cloud

The USD broke through the cloud on the weekly charts.The Low occurred on 5-05-14@ $79.13 or .7913.
The High on the Monthly Chart occurred on June of 2001 @ $121.21 or $1.2121. That's 13 years.
   The next overhead resistance is at the .85 and then .88 . The DMI is getting in the High range at 62.85 that will be a good indicator for the retracement signal. The Weekly is at 34.77 so it can go a long way.

I personally think Dragi and Yellen
may be are going to try to "throttle"
These two currencies into a "Flat"
or sideways wave form to 'Buy" time
for the Bankers and Financial Institutions.
Be sure to keep a watch on the 10 year bond and or Yield. It is currently Under the cloud on the Daily but is in the Time frame of complementing the retrace.(TNX)

Thanks to Stockcharts.com for the
charts.

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