From the daily chart of view, the MACAD is hitting the 0 and turning down again. Usually, if any failure of MACD 0 line from bottom, the resume of decline will be very sharp.
From the monthly chart of view, current support is not so strong, I hope the light green support line can hold the fall which is around 87. The RSI is telling me the weak dollar position. MACD is falling without sign of standing still. Both RSI and MACD is hitting the new low. Under such developement, the dollar may take one year or longer to stablize.
Originally posted by gz-trader at 2003-11-16 04:39 PM:
From the daily chart of view, the MACAD is hitting the 0 and turning down again. Usually, if any failure of MACD 0 line from bottom, the resume of decline will be very sharp.
Originally posted by gz-trader at 2003-11-16 05:00 PM:
From the monthly chart of view, current support is not so strong, I hope the light green support line can hold the fall which is around 87. The RSI is telling me the weak dollar position. MACD is f ...
COME ON, GIVE ME A BREAK!
THE MACD IS TURE TO REACH NEW LOW, HAVE YOU SEEN THE DIF INDICATION? TELL ME WHAT IS THE SUGGESTION, PLEASE!
THE CHART CLEARLY SHOWS THE CURRENT RSI ISN'T AT THE BOTTOM!
SHOULD YOU MISREAD THE CHART, I COULD GIVE YOU A BIG PICTURE TO HELP YOU TO CLEAR YOUR EYES.