The following three charts illustrate various technical analysis aspects of the U.S. Dollar, as depicted by the U.S. Dollar Index.
First, a look at the monthly U.S. Dollar from 1983. This clearly shows a long-term weakness, with the blue line showing technical support until 2007, and the red line representing a (past) trendline:
(charts courtesy of StockCharts.com; annotations by the author)
(click on charts to enlarge images)
![US Dollar Monthly](https://www.economicgreenfield.com/wp-content/uploads/2017/08/EconomicGreenfield-8-1-17-USD-Monthly.png)
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Next, another chart, this one focused on the daily U.S. Dollar since 2000 on a LOG scale. The red line represents a (past) trendline. The gray dotted line is the 200-day M.A. (moving average):
![U.S. Dollar daily](https://www.economicgreenfield.com/wp-content/uploads/2017/08/EconomicGreenfield-8-1-17-USD-Daily-200-DMA.png)
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Lastly, a chart of the Dollar on a weekly LOG scale. There are two clearly marked past channels, with possible technical support depicted by the dashed light blue line:
![U.S. Dollar Weekly](https://www.economicgreenfield.com/wp-content/uploads/2017/08/EconomicGreenfield-8-1-17-USD-Weekly-LOG.png)
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I will continue providing updates on this U.S. Dollar situation regularly as it deserves very close monitoring…
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2470.30 as this post is written
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