Saturday, June 20, 2015

Head-And-Shoulders Topping Pattern in US Dollar?

Let's check out the US dollar again. It sure looks like the mighty greenback is forming a head-and-shoulders top. We'd need to see a confirmed close down through the neckline for this to be true. Don't jump the gun. 

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(Updated chart)

I will point out that gold is already reacting positively to the dollar's decline. Oil, not so much.

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