5.9 C
New York
Friday, March 29, 2024

Joe Friday: ’’King Dollar Hasn’t Done This in Eight Years’’

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.


The Yen, Australian $ and the Euro have created pennant patterns over the past few years and each of these currencies is now breaking support of the pennant patterns.

As the same time the US$ has been unable to close on a monthly basis above line (1) in the chart below.

Joe Friday: “A close above line (1) would be bullish for the US$ and should cause further breakdowns around the world from these pennant patterns.”

 

 


For information about Kimble Charting Solutions, send an email to services@kimblechartingsolutions.com.

 

 

 

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x