Dialing Up the Dollar
One of the most important lessons I learned as an aspiring technical analyst was to consider multiple time frames in your analysis.
As I started to use monthly and weekly charts along with the daily charts, I was able to better understand the relationship between the long-term vs. short-term, the structural vs. the tactical, the secular vs. the cyclical.
When I reviewed the US Dollar recently, I noticed an alignment of resistance levels between the daily and weekly charts.
Head over to stockcharts.com to read more about the dollar rally, including upside targets and downside support.
RR#6,
Dave
Disclaimer: This blog is for educational purposes only, and should not be construed as financial advice. Please see the Disclaimer page for full details.
