Chart o’ the Day: Where the Dollar “Should” Stop

There’s really nothing else to talk about other than the US dollar. A convergence of various factors has sent the greenback soaring against the basket all quarter long and it’s had a huge impact on the stock market (not a good one). The higher the US dollar, the worse things get for commodity-related stocks (oil is priced in dollars globally) and the higher the potential for multi-nationals in every other industry to take currency-related hits to their future earnings.

We may have a bit of good news on the dollar front, however, as it’s right now coming into technical overhead resistance based on a long-term trendline. In addition, dollar bull sentiment is screaming-hot on the heels of its sixth best quarterly performance ever.

Here’s my friend Chris Kimble’s chart illustrating the potential for a stop (at least a pause) at these levels. As always, you may click to embiggen…

kimble dollar

Source:

Kimble Charting Solutions

Follow Chris on Twitter

What's been said:

Discussions found on the web
  1. performance testing automation commented on Nov 12

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  2. DevOps commented on Dec 09

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  3. td login commented on Dec 14

    … [Trackback]

    […] There you will find 67442 additional Info on that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  4. functional testing solutions commented on Dec 20

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  5. 토토검증 commented on Dec 22

    … [Trackback]

    […] Here you will find 4845 additional Info to that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

  6. Skrotbil Göteborg commented on Jan 23

    … [Trackback]

    […] There you can find 37853 more Info to that Topic: thereformedbroker.com/2014/10/02/chart-o-the-day-where-the-dollar-should-stop/ […]

Read this next.