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US Dollar One Last Push

Grinch

The strong rally in the USD dollar is not done. This wont be good news for USA exporters, Grinch is taking revenue away!

Looks like the DXY/UUP will have one last push higher. After all ECB, PBOC and BOJ are all talking easing in their zones while the US FED talks interest rate hikes in Dec 2015.

Close up chart

US Dollar Index Daily Chart

Longer term chart

US Dollar Index Weekly Chart

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote.

"[Point and] figure charts are more valuable than vertical [bar] charts." ~ Richard D Wyckoff

"The minute you get away from the fundamentals - whether it's proper technique, work ethic, or mental preparation - the bottom can fall out of your game." ~ Basketball Legend Michael Jordan.

"The stock market is filled with individuals who know the price of everything, but the value of nothing." ~ Philip Fisher

"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." ~ Warren Buffett

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

 

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