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Topic: The Dollar and 96 (Read 654 times) previous topic - next topic

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  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: The Dollar and 96
Reply #15
Here's the dollar today...
https://www.tradingview.com/chart/DXY/FPe27nII-Dollar-Index/

Oh my! The chart looks ok at first blush, then click the update arrow on the far right for an amazing down draft taking it below all support you show on the chart except for the horizontal support line at 94. Thanks for posting, it was an eye opener.

I do think this late summer will yield some decent results. There just is too much turmoil in the markets. You look at some of the comments on Zero Hedge and people just don't trust the markets. Of course market participation is down and there cannot be a crash when participation is low.

Re: The Dollar and 96
Reply #16
So much for the Fed's steady dollar objective, where is any accountability?


  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: The Dollar and 96
Reply #17
Keep in mind that trade, especially with China has made stuff affordable to the consumer. It has raised our lifestyle. Now that we are trying to beat China into the ground with a trade war and lowering interest rates needlessly, the cost of living will go up this next year. Otherwise some inflation will reflect this. Good for the PM's as the collapse starts.....

Re: The Dollar and 96
Reply #18
For Entertainment Purposes Only.

Re: The Dollar and 96
Reply #19

Re: The Dollar and 96
Reply #20

I have found that often you can draw a parallel line equidistant from the 2 drawn, which will make a new channel.  This can be used to find the next bottom before there are any data points.
For Entertainment Purposes Only.

Re: The Dollar and 96
Reply #21
Thanks Ed, I did not know that. I think this site is great. ;D

Re: The Dollar and 96
Reply #22
If you click play once on this, you can visualize what I'm talking about. It dipped below the 2nd channel briefly when it first broke down, but it is apparent that it formed a parallel channel.
https://www.tradingview.com/chart/XAGUSD/eb3JiJ0R-Buy-this-dip/
For Entertainment Purposes Only.

Re: The Dollar and 96
Reply #23
This could be significant.
For Entertainment Purposes Only.

Re: The Dollar and 96
Reply #24
Ed, linked is an article that is support of your comment above about the dollar drop being significant. Here is a quote followed by the article link:

"The dollar, therefore, is now in a precarious situation; it is sensationally OVERBOUGHT and I don't foresee investors getting much more cashed-up than current levels, so with liquidity injected in, the dollar looks like a bubble ready to POP."

https://mailchi.mp/wealthresearchgroup/america-is-losing-ground-fast-534317?e=53ac4df37c

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: The Dollar and 96
Reply #25
Ed, linked is an article that is support of your comment above about the dollar drop being significant. Here is a quote followed by the article link:

"The dollar, therefore, is now in a precarious situation; it is sensationally OVERBOUGHT and I don't foresee investors getting much more cashed-up than current levels, so with liquidity injected in, the dollar looks like a bubble ready to POP."

https://mailchi.mp/wealthresearchgroup/america-is-losing-ground-fast-534317?e=53ac4df37c
Inflation should appear in March if it keeps dropping according to Martin Armstrong.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: The Dollar and 96
Reply #26
My chart.

Re: The Dollar and 96
Reply #27
My chart.

keep in mind that DXY measures dollar strength and weakness against other fiat currencies that are also falling, that suggests that the picture is worse than depicted in your chart.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: The Dollar and 96
Reply #28
My chart.

keep in mind that DXY measures dollar strength and weakness against other fiat currencies that are also falling, that suggests that the picture is worse than depicted in your chart.
I understand that. Sometimes it is really good NOT to be overly enthusiastic.....

Re: The Dollar and 96
Reply #29
I had to smile at the too optimistic comment, I was thinking of the dollar getting thumped as a pessimistic event from the view of the citizen and his country. From the PM perspective it is certainly optimistic.

Any way, PM's doing very well today after a good day yesterday