The Mighty US Dollar

at a critical level

Back in the day when I was a commodity trading advisor, I lived for the times when the trend would change on the US Dollar. A shift to a bullish dollar would cast a negative tone on the commodity sector. A shift to a bearish dollar would cast a positive light on the commodity space.

The media is all in a tizzy these days. The US Dollar has been pressing higher for the past 6 weeks. Anything that moves in one direction for several weeks is sure to grab the attention of media. The media is speculating as to whether the Dollar will go even higher.

Instead of getting caught up in the media ‘buzz’, I prefer to step back and use some charting science, Fibonacci math, and planetary positions to study the Dollar.

Here and now, the intermediate trend is bullish (green dashed line on the above chart). The major trend is also bullish (price is above the 200-day average). The True Strength Index is showing a bullish trend as well. This is good stuff I wrote about in my recent book - Follow the Trend.

Now, let’s dig deeper….let’s look at Fibonacci math. Let’s look at the planetary placements at the US Dollar first trade date….