I was checking the big chart for USDollar, same conclusion
but really, you are focusing on the wrong currency (hint: JYen)
we got one more bounce on the dollar here
or should I say, one more selloff in the useless Euro ???
nice big double bottom
here is a better USDollar chart that I viewed
stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G
daily stochastix indicate oversold, but that could hold for a month
RSI indicates not quite oversold, still way above 30
I think US$ flirts with the precipice here
but the markets blink, as ECB and BOJ jack it up
this is but a trial run for springtime jerkdown to a lower ledge on the precipice
below DXY=85, it gets dangerous
but I gotta say, FastMan, this DXY is pure horseshit indicator
here is the one which matters, the JYen
the trade gap lies with Asian exporters
the federal debt lies within Asian reserves
Europe and the EU is a jerkoff partner in a circlejerk
stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G
as the JYen gets to parity, the FOREX dances turns on acid rock !!!
that unleashes Asian import price hikes inside US Land of Consumerism
and threatens the BOJ stupidity plan to support worthless US paper
/ jim |
