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12th Dec - US Dollar Bulls Ready to Pause?

12 December 2014

MONTHLY CHART:

The US Dollar Index has reached

old 38.2% resistance where signs

are that this will prove to be a

temporary barrier to further

recovery. See below.

DAILY CHART:

On the Daily chart note how the

RSI indicator is showing a

negative divergence suggesting

that bulls are tiring. A drop

through support offered by the

86.746 03-Oct high would suggest

a deeper pullback was in

progress.

The EUR/USD and USD/CHF

charts are also showing RSI

divergences at present.

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12th Dec - Silver Ready to Push Higher

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