End of America

The U.S. dollar is in immediate danger


From Pragmatic Capitalism:

The U.S. Dollar Index is in immediate danger again, so let's take a close look at charts from all three time frames, beginning with the daily bar chart. The most important feature on the chart is the bold rising trend line near the bottom. That's a long-term rising trend line we will see on the longer-term charts. Note that in November the Index bounced off that line only to retest and penetrate it just a month later. The November breakdown was a bear trap, resulting in a strong rally, which ultimately failed.

The decline from the January top has resulted in a test and retest nearly identical to the previous one, and we are left to wonder if this latest breakdown will be...

Read full article (with charts)...

More on the dollar:

A dollar collapse could be imminent

You must diversify now before it's too late

Pimco's El-Erian: Middle Eastern crisis is a huge warning for the U.S. dollar

Post your comment...