CosmicDust

Dollar weakness and what it may suggest

INDEX:DXY   U.S. Dollar Index
dxy
Dollar looks weak on the monthly chart. The sell signal was there since 9/2013, and it is below 10 month MA (same as 200 day MA). If the direction does not change, it can decline further (well into 2015), and that is good for commodities , gold             and maybe inflation protection bond.
Cosmic, great chart as always.

Just noticed this gave a green cross recently, would you trade it long ? The indicator is pretty reliable, but when I look at the overall trend since back the 1970's it makes me wonder.

Your thoughts, would be appreciated
Reply
CosmicDust HermanBrummer
Thanks. Personally I would not long dollar until 10 month moving average is turning up.
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