Algokid

The "D" word (deflation)

INDEX:DXY   US DOLLAR CURRENCY INDEX
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USD is testing it's 10 yr resistance right now . It's actually broke the resistance and actually testing as support. further increase in price in the USd MAY signal more deflation in commodities . We 'll see

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You can clearly see the corrective uptrend from mid 2011 to mid 12' has ended. Now a clear H&S has formed(I see you had no way of knowing in sept). I'll change my tune over 82.
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It's interesting to watch, especially in the USD/JPY and it's correlations with 10y & 30y, more pieces amalgamating towards deflation. The Euro is surprisingly resiliant through all of this though, it's remarkable.
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Followed.
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Agreed.
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You can see that the "trend" from that high in 2002 has broken several times... so... this is what is called a "fan" as I recall that Martin Pring discusses in his Technical Analysis compendium. Note 2008 - early 2009 - 2010 were the other breaks... And don't you love how confident the world has been that the US Dollar was headed for a deep plunge and here we are... sideways after the last 7 years... Markets are so fascinating. Cheers. Keep up the good work Algo kid.
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Algokid timwest
Hey Tim, nice to hear from you again. Thank you for the support : )
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Well done ALgo_kit
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Algokid StockFxMarket
thank you
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Agreed.
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The dollar is at a 2 -year high right now, meaning more pain for the euro and Commodities. Keep a close eye on basic materials (IYM) if the support is broken, this could indicate more bad days for the market ( see chart) https://www.tradingview.com/e/k7vxeN0X/
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