US Dollar Looks to Move Higher

By: readtheticker | Wed, Oct 5, 2016
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On the Rocks

The last thing the US needs is a higher US dollar!

Higher dollar is due to:

1) Expected higher US interest rates
2) Less $USD in the world, as other pay back $USD loans
3) Demand for $USD dollar assets for safety.
4) Expected trouble in the European bank circles.

A higher is dollar is not good.

Below we have a very obvious accumulation pattern, watch this, a break out higher will be on news that wont be good for the world.

US Dollar Index Chart

Investing Quote...

"I have yet to find a man, in or out of Wall Street, who is able to make money in (markets) continuously or uninterruptedly. Like anyone else, I have good and bad periods." ~ Richard D Wyckoff

"I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend." ~ Martin Zweig

"It's easier to fool people, than to convince them they have been fooled." ~ Mark Twain

"Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market." ~ Warren Buffett

"By failing to prepare, you are preparing to fail." ~ Benjamin Franklin

 


 

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Author: readtheticker

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