Dollar Trend Still Negative

10/07/2009 12:38 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

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Despite comments by some of the financial media, technically, there are no signs yet that the dollar is bottoming. Since the March top, the weekly studies have continued to forecast a lower dollar and this is still the case. It would take a two- to three-week dollar rally to suggest a bottom. To get more comments on the dollar and commodities, sign up for this week's Trading Lesson.

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