You Have To Watch The US Dollar Chart Right Now… PowerPoint PPT Presentation

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Title: You Have To Watch The US Dollar Chart Right Now…


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Commodity Trading Research
You Have To Watch The US Dollar Chart Right Now
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Welcome to Commodity Trading Research Your
premier site for fundamental and technical
analysis for profitable Commodity Trading. For
more info on Commodity Trading Research visit our
website www.CommodityTradingResearch.com
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  • Get Your Free Report On The 3 BEST Commodity
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  • at the end of the video!

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  • Hi, My name is Justin and Im with Commodity
    Trading Research, today were reviewing our
    recently published article

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  • You Have To Watch The US Dollar Chart Right Now

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  • Without question, deciphering the stock markets
    next move has become a bit more challenging the
    past few months. A continuation of the
    multi-year equity market rally has been thrown
    into doubt

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  • now that indices are sharply off the all-time
    highs set a few months ago. Of course, much of
    the recent pullback in stocks has been due to
    fear of rising interest rates

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  • But with the US Federal Reserves rate
    guidancegettingmurkier by the day, investors
    simply have no idea if a raise is coming soon or
    not.

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  • Trouble is, the US Dollar has risen dramatically
    the past year and a half on the premise the Fed
    would eventually send rates to higher ground.
  • Take a look

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  • As you can see, the US Dollar index rose sharply
    from mid-2014 to early 2015. But also notice that
    since April of this year the worlds reserve
    currency has traded in a rather choppy, sideways
    fashion.

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  • And thats whatsreally catching my eye

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  • Notice the compelling technical pattern
    developing in the US Dollar index. The green
    resistance trend line is declining towards the
    red support line at 94. Most technical analysts
    will agree this is a bullish continuation
    pattern.

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  • If the Dollar were to break above the green
    resistance line, it would likely continue the
    uptrend from the 2014 breakout (purple line).
  • Heres the deal

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  • The rally scenario I just described will likely
    only happen if the Fed follows through on their
    plan to raise rates. But since global growth is
    currently showing signs of significant weakness,
    the odds

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  • are growing quickly that the Fed will delay
    liftoff by a few months- and possibly longer.
    That means the Dollars continuation pattern
    above may morph into a topping pattern.

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  • In other words, a break below the red line and
    the greenback could come quickly crashing back to
    earth.

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  • If the dollar suffers a big downturn, it will
    have a huge impact on precious metals and other
    commodities

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  • Gold has already jumped 60 an ounce in October
    as investors pile into the rate sensitive asset
    on hopes of delayed Fed action. Silver,
    platinum, and palladium are seeing similar price
    revivals.

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  • And dont count out an end of year oil price
    rally if the dollar careens lower.
  •  Bottom line

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  • The US Dollar is getting close to a big move.
    And the direction it takes over the next six
    months will have a big impact on commodities.

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  • In my mind, the US Dollar chart above is the most
    important thing commodity investors should watch
    in coming weeks!

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