This short pullback looks very close to done here........and the longer term trend looks to resume back upwards for the next 6-12 months.
Here is a link to my past 4 posts on the $USD
http://erikmarketview.blogspot.com/2009/12/usd-trend-change-when-will-it-start.html
...see the Weekly chart for 6-12 month TIME (not price) target of $USD up cycle. Yes, I think the $USD, will RISE for the next 6-12 months, or untill it changes it's current channell on the weekly chart.
Kenny beat me to posting the bull flag its forming here on the daily, so here it is:
http://kennystechnicalanalysisblog.blogspot.com/2010/01/market-conversation-for-january-5-2010.html
Tuesday, January 5, 2010
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