• 170 days Will The ECB Continue To Hike Rates?
  • 171 days Forbes: Aramco Remains Largest Company In The Middle East
  • 172 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 572 days Could Crypto Overtake Traditional Investment?
  • 577 days Americans Still Quitting Jobs At Record Pace
  • 579 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 582 days Is The Dollar Too Strong?
  • 582 days Big Tech Disappoints Investors on Earnings Calls
  • 583 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 585 days China Is Quietly Trying To Distance Itself From Russia
  • 585 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 589 days Crypto Investors Won Big In 2021
  • 589 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 590 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 592 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 593 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 596 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 597 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 597 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 599 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Long Term Oscillator Points Towards Weakness in Dollar

A long term oscillator, known as the Coppock Curve, points towards weakness in the Dollar. Figure 1 is a monthly chart of the Dollar Index (symbol: $DXY) with the Coppock Curve in the lower panel. The Coppock Curve is currently trading above the upper trading band that looks for statistically significant extreme readings over the prior 36 month period. The Coppock Curve has been popularized as a long term oscillator that has worked reasonably well at identifying bull signals in the Dow Jones Industrial Average.

Figure 1. Dollar Index/ monthly

Larger Image

For the past 12 months, the Dollar has been attempting a counter trend rally within a longer term down trend. See our Chart Book for details (i.e., shorter term data) on the breakdown in the Dollar. Currently, we find the Coppock Curve in an overbought position and above the upper trading band. Prior instances (since 1999) of the Coppock Curve being in a similar position are noted on the chart. It would not surprise me to see the Dollar testing its all time lows over the next 12 months.

We previously discussed the Coppock Cure and gold in this article.

 

Back to homepage

Leave a comment

Leave a comment