Wednesday, November 11, 2009

Dollar Views!!!

I'm reading: Dollar Views!!!Tweet this! Posted by Trade Less Trade Smart at 12:24:00 PM

3 comments:

  1. SujathaNovember 11, 2009 at 7:20 PM

    So, till such time, equities may go upside only?

    If $ permentantly loose its value (like pound) what will be the impact? where will the equities run end? (just a doubt)

    Regards

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  2. Tryin2TradeNovember 11, 2009 at 10:49 PM

    Sujata Hi

    Na I dont have any idea what will happen if $ looses its value permanently......?

    What I meant to show in the chart was that Dollar is approaching a technical target both in pattern and time perspective and a pullback from here is not ruled out.

    And if it does take support here and pulls back then Crude and some other commodities which have rallied on the back of a WEAK dollar might halt and consolidate for some time (if not fall).

    Cheers!

    ReplyDelete
  3. SujathaNovember 12, 2009 at 10:28 AM

    "$ Pullback from here is not ruled out" - thanks for your views.

    Wish it has to give pullback. Nifty is not showing any correction still. It is in "Overbought in overbought zone"? Atleast this pullback will give nifty correction?

    Regards

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