Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Are Investors Losing Faith In the US Dollar?

Courtesy of Chris Kimble

The US Dollar is the King of the currency markets. But recent trading patterns may be sending a warning sign to US Dollar bulls. Today we look at a “weekly” chart of the US Dollar.

As you can see, King Dollar has made a series of higher highs while maintaining its up-trend line at (1) for the past 9-years.

Over the past 3 years, however, the Dollar may have created a bearish “double top” pattern. Since the second peak in 2020, the Dollar has fallen sharply and is attempting to break its 9-year trend support line at (2).

If King Dollar doesn’t reverse higher soon, it may be an indication that investors are losing faith in the US Dollar.

The decline has sent effected dollar-sensitive assets, notably sending precious metals prices higher. Stay tuned!

This chart was first written for See It Markets.com. To see the original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!