Simple Chart
1. Fib Retracement from High of 1985 to low of 2008
2. Green longterm downtrend - interestingly flipped to support in 2018 after breaking in February of 2015.
3. Two big cups - they do differ as the one that has beem building recenlty has based from the peak. Unlike the 2000 high which saw the dollar peak very quickly
4. Diveregence of RSI
I was a dollar bull, but with all Biden is doing with trillion of spending and looking like a dang fool on the international stage - let's see what happens but this chart is somewhat in no mans land....
1. Fib Retracement from High of 1985 to low of 2008
2. Green longterm downtrend - interestingly flipped to support in 2018 after breaking in February of 2015.
3. Two big cups - they do differ as the one that has beem building recenlty has based from the peak. Unlike the 2000 high which saw the dollar peak very quickly
4. Diveregence of RSI
I was a dollar bull, but with all Biden is doing with trillion of spending and looking like a dang fool on the international stage - let's see what happens but this chart is somewhat in no mans land....
Comment:
Clearly the USD is the save haven and I should have stuck with my gut instinct.
