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USD (DX, NYBOT) : Critical Resistance 74.05*
Posted By: Qindex
Date: Thursday, 8 May 2008, at 11:36 a.m.
Hong Kong Qindex 15:34 GMT May 8, 2008
USD (DX, NYBOT) : Critical Resistance 74.05*Weekly Cycle Congested Area : 70.07 - 71.40 - (72.73 - 74.05*) - 75.38 - 76.71 - 78.03
Normal Lower Limits : 70.18 - 71.73* - 71.85
Lower Mid-Point References : 71.61 - 72.89* - 72.93
Weekly Cycle Pivot Center : (73.04) - (74.01) - (74.05*)
Upper Mid-Point References : 74.48 - 75.09 - 75.21*
Normal Upper Limits : 75.91 - 76.17 - 76.38*Remarks : The market is stable when it is consolidating within the weekly cycle pivot centers at (73.04) - (74.01) - (74.05*). The weekly cycle lower mid-point references at 71.61 - 72.89* - 72.93 would serve as short term supporting points. The weekly cycle upper mid-point references at 74.48 - 75.09 - 75.21* would serve as resistant points. The weekly cycle congested area indicates that 74.05* is a critical resistant point and the market has a tendency to trade within (72.73 - 74.05*).
USDX : Monthly Cycle Charts
http://www.qindex.com/usd.html
Albert Cheung (Ph.D.)
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