US Dollar

U.S. Dollar About to Collapse?

Well if these price movements are to take place, 12-year trends have to change!

Since 2008, the US$ has created a series of higher lows and higher highs inside of rising channel (1). At the same time, Crude Oil has created a series of lower highs and lower lows inside of falling channel (2).

Counter-trend rallies by each have the US$ testing support and Crude Oil near resistance, at the same time.

As these support/resistance tests are in play, few are bullish King$ and few are bearish Crude Oil.

The results of the price action by the US$ at support and Crude as resistance in my humble opinion is a VERY BIG deal friends!

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What happens here should have a large impact on what assets you should be over and underweight for potentially years to come!

 

Originally Posted in Kimble Charting