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Swiss Franc June 30, 2008
At the recent TradersExpo, Dr. Schaap covered the U.S. Dollar and comodity prices. He showed the daily chart Click here for the U.S. Dollar We have seen the dollar lower for the past 4 years and the correlated rise in commodity prices. Dr. Schaap's chart shows the first sign that perhaps the dollar has stopped falling. Currencies are figured versus the dollar.
here is the Swiss Franc 60 minute chart and price is right back to where it was earlier this month. Swing trades on a lower time frame are the same ADX/ DMI rules, but higher skill level. ADX rising and the +DMI gave the signal for timing and best use of money. This rule is on page 22 of "ADXcellence:Power Trend Strategies" Learn Trend Dynamics from Dr. Schaap - trend can happen on any time frame.
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