Saturday, July 25, 2009

US Dollar index chart analysis


The USD Index measures the performance of the US Dollar against a basket of currencies: EUR, JPY (Japanese Yen), GBP (British Pound), CAD (Canadian Dollar), CHF (Swiss Franc) and SEK (Swedish Krona).

The crossover to the downside of the 200 day moving average (red line) by the 50 day moving average (blue line) in early June 2009 gives a long-term bearish signal for the dollar.

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