Slope Indicator Update for US Dollar Index
[1/30/2010 02:44:00 AM | 3 comments ]

Chart shows the current trend for USD Index with Slope Indicators with 20(Short term),50(Medium Term),100(long Term) period. Just click on the charts to get a bigger pictutre. Slope period can be varied according to the investors requirement.

Guessing the trend is very simple.
1) Trend is Positive until the Slope remains Positive
2) Trend is Negative Until the slope remains negative

And currently the shorter term, medium term and long term trend for US Dollar had turned positive.
And Even Dollar had crossed and closed above 200 day Moving Average today

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3 comments

sriganeshh said... @ January 30, 2010 at 12:33 PM

rajandran,

Need of the hour chart and post..
RBI's decision to hike CRR by 75 basis point has indepth reasoning vis a vis currency situation. Unfortunately many not able to focus & grasp implications..
I hope you will try to educate us on intermarket implications gradually with your explorations...
thanks and as always best to u
sri

Rajandran said... @ February 1, 2010 at 4:26 PM

Hi Sriganesh,
Focusing on News and Events always make ourself
fools. Its better good to stay away from those external factors.

Assuredgain - Invest Wisely and Relax said... @ February 1, 2010 at 7:59 PM

I totally agree with you Rajandran. I sometimes wonder why people watch CNBC/NDTV profit etc thinking that are smart and they are the first person to hear this news and act smartly. :-)

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