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Take Note: U. S. Dollar On the Verge of Falling Hard
Watch closely! The U.S. Dollar Index is within 2% of its support line…Should it
break to the downside then this would suggest that a much lower U.S. Dollar is in the cards. Here’s the chart.
So says Chris Kimble (http://blog.kimblechartingsolutions.com) in edited excerpts from his post* entitled This pattern suggesting the U. S. Dollar could fall hard?.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), may have edited the article below to some degree for length and clarity – see Editor’s Note at the bottom of the page for details. This paragraph must be included in any article re-posting to avoid copyright infringement.
CLICK ON CHART TO ENLARGE
Kimble goes on to say, in part;
I have been sharing with Premium and Global Dashboard members for the past few weeks that the U.S. Dollar could be forming a “Bearish Head & Shoulders” pattern, as reflected in the chart above.
Necklines until broken, come into play as support lines, which is less than 2% below current prices.
Should the neckline break to the downside, this year long pattern would suggest a much lower U.S. Dollar is in the cards!
*http://blog.kimblechartingsolutions.com/2012/12/this-pattern-suggesting-the-u-s-dollar-could-fall-hard/
Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
Related Article:
1. Adjust Your Portfolio Depending on the U.S. Dollar’s Next Move! Here’s Why
The election is now behind us and I pray our elected officials can come together and make quality decisions to move this country forward in a positive direction. [That being said, how the U.S. Dollar Index reacts over the short term] is going to be very important for portfolio construction in the weeks and months ahead! [Let's take a look at what the following charts say on the subject.] Words: 225
2012-12-04 03:41:14
Source: http://www.munknee.com/2012/12/take-note-u-s-dollar-on-the-verge-of-falling-hard/
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