Tuesday, March 17, 2009

US Dollar Crash Alert: level 87 is crucial! DXY, TYX, VIX, HUI, XAU, SLW, MGN

US Dollar is sitting right on crucial 87 level, it was resistance on Fisrt Double Top H&S formation after which dollar went in a waterfall mode. Waterfall has been started after 86 level violation last time, this time level 87 will be the same threshold with confirmation below 86.
All momentum indicators are decisively Bearish now, on weekly Double Top reversal is in a confirmation mode.

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