Since then the dollar index has retraced below its 50 day MA and is heading toward the 79.37 line that has proven support the last month or so. We seem to be in channel between 81.50 and 79. The only positive sign in this picture is the rising 50 day MA.
Long term trend is still bearish (gray line - middle graph) while the medium term (yellow) and short term are retreating. The green lines in both graphs (Double Smooth Stochastics) point toward a near term bottom. The last graph (ROC) does show the indecision as it moves up and down around the zero line.
9:30 AM Update - This morning action has taken us all the way to the support line. Will it hold?
Phil of Phil's Stock Word suggested a white background for the charts. Here is another try. And by the way, dollar straight at support now!
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