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Technician
Dec 23, 2013 9:48 PM

USD: Be Seated For Takeoff 

US DOLLAR CURRENCY INDEXINDEX

Description

After the prolonged down trend the U.S. dollar witnessed from 2002 to 2008, the greenback entered a phase of sideways movement, clearly illustrated by the symmetrical triangle formation. Meantime, volatility has been on the decline for more than a year, which is clear on Bollinger bands as bands squeeze, low volatility periods are usually followed by sharp breakouts.

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Comments
CoinedByCrypto
Fed could go bust?
FED was only granted a 100 years on the 23. december 1913 and without continuation..... What if.... zerohedge.com/news/2013-12-23/how-central-banking-really-works-fed-anniversary-redux
CoinedByCrypto
Mind blowing...! :)
Technician
Hey BM, I haven't read the article yet but i will. But generally, I enjoy some of zerohedge ideas and views, but I believe sometimes it is exaggerated, I suggest taking it with a grain of salt as he is the ultimate bear
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