Dollar Index Nears Crucial Line In The Sand

Tyler Durden's picture

The Bloomberg Dollar Index has given up almost three-quarters of the post-Trump-election gains - having tumbled for 5 days straight. However, with seemingly everything on the line in Thursday's Obamacare repeal vote, the USD index is within 1% of two crucial technical levels.

1215-1217 is a critical level of support for the Bloomberg Dollar Index...

The intersection of the 200-day moving average and a major fibonacci retracement level.

 

As a reminder, speculators are still extremely net long Dollars...

Is another big long-squeeze coming?

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Raffie's picture

The USD will shoot straight up at the last second like it always does.

 

CPL's picture

Until something else replaces it, better tools do find themselves in place by need, not by want.  It's why the jews are getting ditched curbside.  They won't let go.

Takeaction2's picture
Takeaction2 (not verified) Raffie Mar 22, 2017 3:08 PM

I really don't know if I should get into it...Let me tell you a very long story .....

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My weiner...

hotrod's picture

Wow that dollar index sure has a funny sombrero shape.  Wonder what that is?

CPL's picture

A pre-cursor to Cinco de Mayo!!!!

Quantum Bunk's picture

why woud there be a short squeeze with everyone net long

 

FU DOLLAR BULL(SHITTERS) DOLLAR IS THE WORST WHORE IN THE HOUSE

 

DOWN FOR THE COUNT.

 

I HAVE SCREEN SHOTS OF ALL THE DOLLAR BULLS FROM THIS SITE IN THE LAST 6 MONTHS

Yen Cross's picture

  Hey dipshit, the $ bulls were right for the last (6) months. 

   I've been a $ bear for the most part. With the yield differential,[rate increase] I'd expect a pretty nasty squeeze on the $ shorts soon.

Bernie Madolf's picture

Dollar is still the turd with the least flies.

Boj won't let the yen appreciate much and euro is on a bumpy Ride to zero.

Looks like a good spot to go long $ with an easy bogey if it breaks the 200 hard.

Gold hammering is coming if $ bounces

HRClinton's picture

If you're not in "The Club", you would be wise to stop acting as though your intel or your model is better than those who are on the Inside, and who make and regularly change the rules. 

Beware of salesmen who pretend they are Insiders or that they are anything but commission seeking salesmen. Where you pay their commission. 

FreeBull's picture

I think it's a very possible 'Head and Shoulders' Pattern... This is mentioned in my latest blog post, a little more than half-way down the page you can see the US Dollar chart. https://goo.gl/uVzXs6