US dollar Index

Hi libero
This chart looks like the dollar index but the other chart does not. if you look closely on the dates it does not match up. I think its a different currency pair. ill see if i can find it.

Sorry mate
i just realised its the weekly chart. i was looking at it from the daily chart and november is the date i was getting confused with
sorry

Man, you are too much of a perfectionist.

The time-lines are slightly out, but I think the first chart may have been "Compressed" to fit the website lay out (i.e. squeezed). This could create a neater effect I suppose.

Consider the candles vs date (in particular when you look at the LS-Head-RS), it matches!

Libero wrote: Man, you are too much of a perfectionist.

The time-lines are slightly out, but I think the first chart may have been "Compressed" to fit the website lay out (i.e. squeezed). This could create a neater effect I suppose.

Consider the candles vs date (in particular when you look at the LS-Head-RS), it matches!

Oooh! Here it is:

www.fx360.com/commentary/fawad/9476/doll...sh-ahead-of-nfp.aspx

Dollar basket is equivalent to Dollar Index surely? or have I missed something here

I was wrong....your chart is US DOLLAR Index. It was the fact that it was the weekly chart that threw me.And the time frame from nov 2011. It looked just like the daily version i have.
Theres an head and shoulder with in a head and shoulders. You dont see that often

remo wrote: I was wrong....your chart is US DOLLAR Index. It was the fact that it was the weekly chart that threw me.And the time frame from nov 2011. It looked just like the daily version i have.
Theres an head and shoulder with in a head and shoulders. You dont see that often

The thing is Remo, the USD is bouncing back strongly today (following some good data, arguably leading vs lagging) - against GBP, AUD, and JPY.

Maybe a long is on the cards? Let's see if there's a sufficient bounce to create a bullish pattern!

p.s. My technical knowledge isn't all that, so I'm keen to understand if there's any significance to having a head 'n' shoulders combo inside a head 'n' shoulders combo. It looks uber-symmetrical, but beyond that I'm clueless as to where its heading - Central Banks have a lot to answer for