Thursday, November 19, 2009

Charts of the day are.......

.....the US dollar index (USD), daily candle and 60 minute candle, because the greenback is still the whole ballgame right now.

Here's the daily candle (and my call from last week of "wake me up when it breaks 77" is still valid):
Here's the 60 minute candle. Those that adore the micromanaging side of the markets will see this current 75.5 / 75.6 or so as important. Personally I don't give a culo de la rata.

On the subject, a recommended post over at Trend & Value today, where Lucas considers gold in relation to other world currencies.