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U.S. Dollar is testing support, close to the top of its falling channel. If the global currency markets lose respect right here and push the Dollar well below support, odds greatly increase that Gold will break from its multi-month sideways channel, which should impact Silver in a positive way.
Game Plan…”Respect” how the Dollar will impact Silver holdings!
Arun…..Thank you. I have used Metastock to do my charting since the late 1990’s. I have really enjoyed their products and updates over the years.
Chris
Beautiful charts. What tool do you use? On top of it, nice calls too.
Alpha…Thanks for the kind words…no master here though! The dollar at/near a support line from the lows in the time you mentioned is true. If you take the lows of a few years ago, appears the support is broken
Master Chris,
I see a big side channel in the dollar index chart since the end of 2008.
If this were true we are in the bottom of the side channel. Is this correct?
Excuse my poor knowledge, I’m beginner.
Thanks for all, I love this blog