USD: Be Seated For Takeoff

23 thg 12, 2013

After the prolonged down trend the U.S. dollar witnessed from 2002 to 2008, the greenback entered a phase of sideways movement, clearly illustrated by the symmetrical triangle formation. Meantime, volatility has been on the decline for more than a year, which is clear on Bollinger bands as bands squeeze, low volatility periods are usually followed by sharp breakouts.

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