Britannia Radio

The dollar is about to hit a brick wall

Thursday, November 18, 2010 From Gold Scents: For the duration of the dollar's secular bear market the 200-week moving average has acted as pretty solid support and resistance. The recent two-week rally has now relieved the oversold conditions and in the process the dollar is about to hit the brick wall of a declining 200-week moving average. It's already bumping up against the intermediate dow trend line. The dollar is now short-term overbought, in a strong down trend, is pushing up against solid resistance, in a secular bear market, is caught in the grip of a left translated three-year cycle decline, and in the early stages of... Read full article... More on the dollar: Three big signs a dollar reversal is approaching The most terrifying thing the U.S. government has said this year Currency CRISIS: Dollar may have already lost its reserve currency status