Market Curiosity: Exploring Markets And Systems

March 2, 2011

US dollar nearing the supporting trendline for the 5th time

Filed under: Just Watching — Tags: , , , , , , , — Jeff Fitzmyers @ 8:40 pm

James Turk on King World News: Eric you have been saying all along that the dollar isn’t bouncing and it now appears the dollar is ready to fall off of the edge of a cliff. The dollar collapse is going to be the next big story. If I am right and the dollar really starts to dive, the implications are global in nature and I truly believe this event will shock the world.

This is what the world is valuing the past 5 days:

Surely priorities were different after the reported Libyan air strike?? Nope.

Weekly dollar index:

Monthly dollar index at MRCI.com

Daily chart:

Xiphos Trading’s take on the dollar index.

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