U.S. Dollar Could Break Down to Test All Time Low

March 22nd, 2011

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

My guess is that the failure of this giant bearish triangle is going to result in the breakdown of the support at 74.170. If 74.170 gets taken out, there’s a good chance that it will make a try for the all time low of 70.792 set back in 2008.

U.S. Dollar Index, Monthly Interval

U.S. Dollar Index, Monthly Interval

Posted in Economy | Top Of Page

One Response to “U.S. Dollar Could Break Down to Test All Time Low”

  1. Mr. Marks says:
    April 8, 2011 at 10:00 pm

    Wah wah wah wah… Is this a counter intuitive way of making Treasuries more affordable? Could be.

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