The Dollar Index Signals Trouble: Head and Shoulder Pattern Emerges Amid Bank Bailouts and FDIC Rescue of SVB Bank
If the dollar is in a head and shoulders pattern, then it will trigger at the neckline and trigger 75-80% odds of playing on and extension of the head to neck distance.
@Meraz, thanks :D im trying to be concise. i prefer watching short videos myself too :D
luxerich
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that means when the dollar goes down = cheap to other currencies ?! -> stocks rising? WHY?
optionfarmers
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@luxerich many large usa companies sell internationally, and stocks are prices in dollars. Also, the conditions that are weakening the dollar come from bank support which make it easier not harder to borrow for these large companies. These are the reasons a falling dollar helps in the short run. In the long run a weak currency hurts workers buying power and leads to higher costs.