The answer to this question is so puzzling, so quizzical that it takes every bit of faith I have in my technical trading abilities to even mention it. With the government printing money at blistering speeds, a deepening recession, and a government bent on destroying our civil liberties, how can you possibly want to BUY the US dollar?
The chart says so, that’s how!
I’ve decided not to post the charts of the US dollar index on this screen, just to make sure that you actually look at the chart. Take a look at this daily chart of the US dollar. You’ve got the MACD flashing a buy signal, a strong RSI, and prices just about to break through the late November highs.
Now take a look at this historical chart of the US dollar from 2000 – 2009. You can clearly see that any break over 90 – 91 leaves the dollar primed to head up to…. 120! SAY WHAT? You heard me, 120.
So is now the time to buy the US Dollar? Let’s take a look:
Hmm, a score of 100, a strong long term uptrend. Ok, we want to trade with the trend, and it’s going up. Now let’s check the timing
The Market Club trade triangles are flashing green, and the MACD is just about to flash a buy signal. Combine that with a break above the current resistance line on any kind of volume and you’ve got bingo!
So keep your eye on the US dollar index.
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