U.S Dollar Daily Chart. Flexing all the way up again?

[Bullish Trend]

A level of important trend formation when once formed tend to persist until evidently proven reversed. A bullish trend allows price to move higher highs and higher lows over a long period of time.

[Bearish Trend]

A level of important trend formation when once formed tend to persist until evidently proved reversed. A bearish trend allows price to move lower highs and lower lows over a long period of time.


us dollar daily chart

  • The U.S Dollar Index been through 1 year of Bear Trend from Year 2017 – Year 2018. Applied on the chart is the EMA200days.
  • Since May Year 2018 the dollar flex its way up into a Bull Trend. Applied on the chart is the EMA200days.
  • The dollar rose to its highest at $96.96 before falling into a correction up to recently as low as $93.39 at the EMA200days support.
  • Now that the dollar rebounded from this support, $95.00 will be a very important resistant to take note.
  • A break out from this level will bring further malnutrition state to the Asia Stock Market.
  • A failure to break out but reversed all the way down or even breaking down the EMA200days support will bring cheers to the Asia Stock Market.

Read up on the U.S Dollar Outlook

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Malaysia Furniture Stocks Riding the Bullish Wave of the US Dollar Rally.

[RALLY POINT]

A level of important price resistant for price to surpass and also a level of important price support to maintain above. Price trading above the RALLY POINT will mean more upside price action ahead.


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US Dollar Index

2018Sep-US Dollar-1000x600

The dollar waves started from the month of April 2018 to September 2018 brings good waves to the local KLSE Furniture Stocks too?

In a current MALNUTRITION market, Price Action speaks for itself. Hence applied on the furniture charts below is the applied EMA200 days.

Get a FREE copy on ‘How Does EMA200 Days Work?”

Malaysia Furniture Stocks

  1. Applied with EMA200 Days you can see it’s past and current trend.
  2. Notice how they turn into a Bullish Uptrend into a Bearish Downtrend.
  3. Current furniture stocks are all in a Bearish Downtrend. 
  4. Despite on some are trading above their EMA200 days, drawn on the chart is the Rally Point.
  5. Rally Point = A level of important price resistant for price to surpass and also a level of important price support to maintain above. Price trading above the RALLY POINT will mean more upside price action ahead.
  6. Trading/investing below the rally point = short term trading only.
  7. We are only interested on the furniture stocks when they are trading above their rally point. 

2018Sep-EVERGRN-1000x6002018Sep-HEVEA-1000x6002018Sep-HOMERIZ-1000x6002018Sep-JAYCORP-1000x6002018Sep-LATITUD-1000x6002018Sep-LIIHEN-1000x6002018Sep-POHUAT-1000x6002018Sep-SIGN-1000x6002018Sep-SYF-1000x600

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