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The power of the rising dollar

The problem of the euro area again promoted the dollar index. The dollar index is total money. They are euro, Japanese yen, and British pounds, Canadian dollar and Swiss franc and Swedish krona. The dollar index is used to measure the strength of the dollar. The dollar index chart has several leading characteristics, their best with the weekly chart shows.

The first characteristic is symmetric triangular, because this form to the breakthrough of the current activity set the environment. Symmetric triangular is a form of indecision. Symmetric triangular depth is measured, is used to calculate the potential rise goal, located at $0.795. This is a long term support and pressure of the bottom edge. From a symmetric triangular breakthrough is not trend continued form, they are usually rally, traders in the initial forecast goal to do after empty.
The dollar index dropped down from the target price target is located in near $0.745. This was soon reach. Traders in the attention of $0.745 to $0.755 whether consolidation patterns between form. The euro zone of new problems presence increases the dollar index of volatility.
Safe without much choice of investors. They have to put money into the dollar and Treasury bonds because no other market liquidity and deep enough to absorb the mass market transaction. This encourages the dollar index from triangle form the behavior of the breakthrough, also contributed to the current rally.
Some people will explain the dollar index rose to the United States for the confidence vote, this is not correct. Inflows into the dollars because no other options. The dollar index rising exacerbated the current us for RMB valuation of the debate. The dollar index rising steadily reduced to RMB revaluation of the influence, the carefully.
The dollar index in the establishment of the support and pressure between a quick shock. This suggests that the dollar index the current rally around $0.795 in pressure. In between $0.795 to $0.815 a strong consolidation band. The consolidation band in the index rose to $0.795 after a strong pressure form.
This is a concussion market environment, not a trend of the market. The dollar index the current power will become a new trend, the dollar will run to $0.815 or more. Investors can expect the dollar index continues to rapidly concussion.



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