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USD

Au-myn

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#1
The U.S. Dollar is in a real interesting spot presently.

This P & F Traditional scale chart is currently bearish as indicated by the #1 Double Bottom formation sell signal
at 90 (red arrow) which occurred under the bullish support line in January, turning the chart bearish. The latest buy signal, a #1 Double Top pattern at 96 (8 on the chart) did happen under the bearish resistance line so the chart is still bearish.
A buy signal above the resistance line will change the trend.

So the pressure is on the O'mighty dollar.


usd2.png
 

Strawboss

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#2
Is it 98 or 99 on the USD that would be a bullish signal?
 

GOLDBRIX

God,Donald Trump,most in GIM2 I Trust. OTHERS-meh
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#3
A current fiat Fed. Res. note is only worth a few cents compared to when a Silver Dollar and a Paper Treasury Note were on par.
Pretty much somethin' from nothin' = negative nothin'.
Thanks TBTF Banksters and the privately owned Fed. Res.
 

Au-myn

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#4
Hey Strawboss,

It is a buy signal above the red bearish resistance line. Presently, It could be a continuation of X's penetrating the line to say 99 for example then pulling back (row of O's-three minimum) and reversing upward (X's) and surpassing the prior top of 99 by one square. If that occurs then you draw a line beginning from the bottom left corner of 88 (Jan 2019) to the top right hand corner and continue at a 45 degree angle. That would be the new bullish support line.
 

Goldhedge

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#8
Falling dollar is good for exports correct?

What about the DJIA?
 

Au-myn

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#9
Good for exports, bad for Stocks.

The DOW has topped. The general Market is coming down soon.
 

ZZZZZ

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#10
DJIA down 240 points in Sunday night futures trading.

Let's see if the PPT springs into action to stop the decline, like they did last week.
.
.
 

d-lod

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#11
Falling dollar is good for exports correct?

What about the DJIA?
And also for less imports. Japan is the wisest of all countries, keeping currency and interest low to export maximum.
Hope US learn sooner that whole world is making fool of it by keeping USD high. :secret::secret::secret::secret::secret::secret::secret:
 
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d-lod

dawn
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#12
Look at cancellation of new truck buying.................
Even though shopping has shifted to online, but still it require trucks to deliver.
 

ZZZZZ

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#13
Look at cancellation of new truck buying.................
Even though shopping has shifted to online, but still it require trucks to deliver.
Maybe trucks are (finally) being built better and lasting longer?

Just askin'
.
.
 

savvydon

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#14
DJIA down 240 points in Sunday night futures trading.

Let's see if the PPT springs into action to stop the decline, like they did last week.
.
.
Today had the feel of a controlled drop. The trade talks were a convienient concern to hide behind. Most of the damage was done in the first few hours. The news of the day was already written by noon.

Let’s see how orderly the descent is maintained going forward.
 

d-lod

dawn
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#15
Maybe trucks are (finally) being built better and lasting longer?

Just askin'
.
.
yaa for sure and roads are better too.

Lets be like traditional investors for few moment, in old time investors always measured transport charts, before looking at stock indexes.
As they were true predictor of boost and bust, like transport index
 
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