USD Daily: MA 50 crosses above 200, MACD well above zero, AROON trend up and support at 79.50.
USD Weekly: EMA 10 supportive, MACD on verge of big time bull signal and AROON trend up.
USD Monthly: Dealing constructively with strong resistance, MACD okay and will be flat out bullish if it gets above zero. AROON trend up.
So tell me, where are the 'Dollar Collapse' cultists now? You know,
the smart guys making a living out of touting the destruction of this
intrinsically worthless currency in favor of other more 'sound'
currencies? Give me a break.
It's all a confidence game and right now confidence is ping ponging
around the globe from the trying to be all things to all people debt
note in Europe, to the reserve currency debt note of America to the
commodity/resource currencies of Australia and Canada. FOREX jocks are
having a blast but most Americans probably think the dollar is still in
the tank.
The boring old blogger will simply remind that it is long past time to begin securing your future against these rackets. —Gary(biiwii)
