Overseas Weekly Futures Chart Analysis
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After working my way through the charts (in the same order as they are posted), I am kinda expecting a reversal to develop on the US Dollar Index futures - or at least an attempt to reverse.
Many markets are moved in response to movements on the US Dollar, and some appear to be preparing for this kind of response.
I also felt that the move on the US Dollar Index was a bit excessive this week, and it is these excessive moves which 'sometimes' indicate an 'engineered' response is about to be realised. Finally there has been quite good support previously seen around the 96.00 level. The fact that pretty much none was seen as price moved through, suggests this 'might' be a fake out, and some form of shakeout is more likely.
we'll see....
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cheers
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Overseas Weekly Futures Chart Analysis .. .. After working my...
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