Dollar

July 11th, 2011

Warning: This is not a recommendation to buy, sell or hold any financial instrument.

Ok, the trouble in Europe caused a big move higher on the dollar. As a result, this bearish triangle is failing.

U.S. Dollar Index, Daily Interval

U.S. Dollar Index, Daily Interval

A positive candle close above that top triangle line sets up 76.366. If it takes out 76.366, the bastard could rally for months.

Posted in Economy | Top Of Page

One Response to “Dollar”

  1. mangrove says:
    July 11, 2011 at 6:47 pm

    Here are a couple current of interviews of interest. First is with John Williams and his continued expectations for a declining dollar and hyperinflation. The second is even more fascinating — whistleblower Andrew Maguire, who made ripples last year with his allegations of fraud and price manipulation at the CFTC.

    John Williams
    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/11_John_Williams_Exclusive_-_US_Dollar_Selling_%26_Hyperinflation.html

    Andrew Maguire
    http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/11_Andrew_Maguire.html

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